Top 3 Financials Stocks That May Rocket Higher This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights three oversold financial stocks with potential for short-term gains: Netcapital Inc (NCPL), Reliance Global Group Inc (RELI), and Kaspi.kz AO (KSPI). These stocks have low RSI values, indicating they may be undervalued. NCPL reported a significant quarterly loss, RELI updated on a pending acquisition, and KSPI was impacted by a research report.
September 20, 2024 | 12:50 pm
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POSITIVE IMPACT
Kaspi.kz AO was impacted by a research report, leading to a 21% drop in stock price over the past five days. With an RSI of 18.65, the stock is considered oversold, potentially offering a buying opportunity.
The significant drop in KSPI's stock price due to the research report and its low RSI suggest it is oversold. This could present a buying opportunity if the market corrects.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Netcapital Inc reported a significant quarterly loss, leading to a 40% drop in stock price over the past five days. With an RSI of 29.24, the stock is considered oversold, potentially offering a buying opportunity.
The significant drop in NCPL's stock price and its low RSI suggest it is oversold. Despite the quarterly loss, the company's efforts to lay groundwork for future opportunities could lead to a rebound.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Reliance Global Group Inc updated on a pending acquisition, reducing the upfront cash payment. The stock fell 11% over the past five days, with an RSI of 27.09, indicating it may be oversold.
The reduction in upfront cash payment for the acquisition could improve RELI's financial position. The stock's oversold status suggests potential for a price rebound.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85