Core Insights - The materials sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator for identifying oversold conditions, typically below 30 [1] Company Summaries - Bon Natural Life Ltd (BON): Recently announced a $12 million offering of 8,333,332 shares at $1.44/share. The stock has fallen approximately 53% over the past month, with a 52-week low of $0.55. Current RSI is 29.5, and shares closed at $0.61 after a 57.5% dip [3] - ZK International Group Co Ltd (ZKIN): Resolved Nasdaq bid price deficiency and remains compliant. The stock has decreased around 27% in the last month, with a 52-week low of $1.24. Current RSI is 28, and shares closed at $1.30 [3] - Perimeter Solutions Inc (PRM): Reported positive quarterly results but saw a stock decline of about 24% over the past month, with a 52-week low of $6.01. Current RSI is 29.8, and shares closed at $9.09 after a 1.4% drop [3]
Top 3 Materials Stocks Which Could Rescue Your Portfolio This Month