Top 5 Tech Stocks That Are Preparing To Pump In April

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

AgileThought, Inc. AGIL

• AgileThought posted a profit for the fourth quarter. “2022 was a transformative year for AgileThought. We launched our industry leading delivery infrastructure and completely reorganized our people team. In addition, in the middle of 2022 we started pursuing a path of material investments in sales while exiting non-core revenues, with an aim to drive industry leading top-line growth and margins,” said Manuel Senderos, AgileThought CEO. The company’s stock has a 52-week low of $2.11 .
• RSI Value: 22.93
• AGIL Price Action: Shares of AgileThought fell 3.9% to close at $2.1150 on Friday.

ADTRAN Holdings, Inc. ADTN

• ADTRAN said it expects Q1 preliminary revenue to be between $322 million and $326 million as compared to its guidance of $355 million to $375 million. The Company’s Chief Executive Officer, Tom Stanton, said, "Growing customer concerns over inventory stocking levels affected our first quarter Subscriber Solutions category." The company’s stock has a 52-week low of $10.24.
• RSI Value: 23.31
• ADTN Price Action: Shares of ADTRAN fell 3.7% to close at $10.33 on Friday.

Cepton, Inc. CPTN

• Cepton posted a narrower-than-expected quarterly loss. "We closed out our first year as a public company with notable achievements," said Jun Pei, Cepton’s Co-Founder and CEO. The company’s stock has a 52-week low of $0.3750.
• RSI Value: 27.43
• CPTN Price Action: Shares of Cepton rose 3.2% to close at $0.40 on Friday.

Airspan Networks Holdings Inc. MIMO

• Airspan Networks posted a narrower-than-expected Q4 loss. The company’s 52-week low is $0.5110.
• RSI Value: 18.02
• MIMO Price Action: Shares of Airspan Networks gained 0.2% to close at $0.5411 on Friday.

Fabrinet FN

• Fabrinet posted upbeat Q2 results. The company has a 52-week low of $74.57.
• RSI Value: 29.79
• FN Price Action: Shares of Fabrinet fell 1% to close at $98.25 on Friday.

Read More: Charles Schwab, M&T Bank And 3 Stocks To Watch Heading Into Monday