Top 5 Financial Stocks That May Rocket Higher In Q3

The most oversold stocks in the financial 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.

Top KingWin Ltd TCJH

• Univest Securities, LLC recently announced closing of $11 million initial public offering of class A ordinary shares for its client Top KingWin Ltd. The company’s stock has a 52-week low of $1.46 .
• RSI Value: 29.39
• TCJH Price Action: Shares of Top KingWin fell 3.7% to close at $1.56 on Tuesday.

Netcapital Inc. NCPL

• Netcapital recently announced pricing of a public offering. It has a 52-week low of $0.64.
• RSI Value: 25.95
• NCPL Price Action: Shares of Netcapital fell 3.5% to close at $0.6510 on Tuesday.

PaySign, Inc. PAYS

• PaySign posted weaker-than-expected sales for its first quarter. "We are pleased to report a solid Q1 2023 with revenue growth of 23% compared to last year, reflecting our continued expansion in the plasma and patient affordability verticals," said Mark Newcomer, CEO. The company’s stock has a 52-week low of $1.80.
• RSI Value: 29.44
• PAYS Price Action: Shares of PaySign fell 2.9% to close at $1.99 on Tuesday.

Burke & Herbert Financial Services Corp. BHRB

• The company said net income for the three months ended March 31, 2023, was $7.5 million or $1.6 million lower than the three months ended March 31, 2022. David P. Boyle, Company Chair, President and Chief Executive Officer, said, "During an extremely volatile quarter across the industry, we grew loans, opportunistically bolstered our liquidity position, and increased our capital position. Despite an environment that resulted in a rapid increase in interest expense, the team delivered a year-over-year increase in pretax, pre-provision earnings and remains steadfastly focused on executing our strategic initiatives." The company’s 52-week low is $47.95.
• RSI Value: 14.56
• BHRB Price Action: Shares of Burke & Herbert Financial Services fell 0.02% to close at $50.98 on Tuesday.

Beneficient BENF

• Beneficient entered into $250 million standby equity purchase agreement with YA II PN. The company has a 52-week low of $2.03.
• RSI Value: 15.76
• BENF Price Action: Shares of Beneficient gained 2.4% to close at $2.18 on Tuesday.

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