Top 5 Industrials Stocks That May Explode This Month

The most oversold stocks in the industrials 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.

Micromobility.com Inc. MCOM

• micromobility.com said that it has submitted a non-binding bid to acquire VanMoof Amsterdam,. The company’s stock has a 52-week low of $0.0750 .
• RSI Value: 27.63
• MCOM Price Action: Shares of Micromobility.com fell 7.4% to close at $0.0803 on Friday.

WANG & LEE GROUP, Inc. WLGS

• WANG & LEE GROUP reported pricing of $8 million initial public offering of 1.6 million shares of stock at a price of $5 per share. It has a 52-week low of $0.7810.
• RSI Value: 29.50
• WLGS Price Action: Shares of WANG & LEE GROUP fell 6.8% to close at $0.8199 on Friday.

Ault Alliance, Inc. AULT

• Ault Alliance said its subsidiary Sentinum has mined 909 Bitcoin from Jan. 1, 2023 through July 31, 2023. The company’s stock has a 52-week low of $2.25.
• RSI Value: 26.71
• AULT Price Action: Shares of Ault Alliance fell 4.9% to close at $2.31 on Friday.

Nxu, Inc. NXU

• Nxu reported substantial progress towards 2023 hiring goals. The company’s 52-week low is $0.4380.
• RSI Value: 26.97
• NXU Price Action: Shares of Nxu fell 4.5% to close at $0.4681 on Friday.

C3is Inc. CISS

• Imperial Petroleum announced the sale of its Aframax Tanker to C3is for $43 million. The company has a 52-week low of $0.55.
• RSI Value: 9.18
• CISS Price Action: Shares of C3is fell 3.9% to close at $0.6020 on Friday.

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