The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

• On March 17, Bon Natural Life announced the pricing of a $12 million offering of 8,333,332 shares at $1.44/share. The company's stock fell around 53% over the past month and has a 52-week low of $0.55.
• RSI Value: 29.5
• BON Price Action: Shares of Bon Natural Life dipped 57.5% to close at $0.61 on Monday.
• Benzinga Pro's real-time newsfeed alerted to latest BON news.

• On Feb. 24, ZK International Group resolved Nasdaq bid price deficiency and remained in compliance with Nasdaq. The company's stock fell around 27% over the past month and has a 52-week low of $1.24.
• RSI Value: 28
• ZKIN Price Action: Shares of ZK International Group closed at $1.30 on Monday.
• Benzinga Pro’s charting tool helped identify the trend in ZKIN stock.

• On Feb. 20, Perimeter Solutions posted upbeat quarterly results. The company's stock fell around 24% over the past month and has a 52-week low of $6.01.
• RSI Value: 29.8
• PRM Price Action: Shares of Perimeter Solutions fell 1.4% to close at $9.09 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in PRM shares.