Top 5 Tech Stocks That Could Lead To Your Biggest Gains In December

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, according to Benzinga Pro.

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

Quantum Corporation QMCO

• On Nov. 17, Quantum announced notification from Nasdaq related to delayed form 10-Q filing. The company’s stock fell around 7% over the past five days and has a 52-week low of $0.2770 .
• RSI Value: 29.91
• QMCO Price Action: Shares of Quantum fell 3.4% to close at $0.28 on Monday.

Roadzen, Inc. RDZN

• Roadzen, last week, inked a pact with HCLTech to deliver AI-driven auto insurance solutions for US carriers and automotive customers. The company’s stock fell more than 27% over the past five days. It has a 52-week low of $3.51.
• RSI Value: 25.04
• RDZN Price Action: Shares of Roadzen fell 28.7% to close at $3.51 on Monday.

Nokia Oyj NOK

• On Oct. 19, Nokia reported worse-than-expected third-quarter financial results. The company’s stock fell more than 10% over the past five days and has a 52-week low of $3.05.
• RSI Value: 15.38
• NOK Price Action: Shares of Nokia fell 9.5% to close at $3.16 on Monday.

Digital Ally, Inc. DGLY

• On Nov. 15, Digital Ally posted downbeat quarterly sales results. Stanton E. Ross, Chief Executive Officer of Digital Ally, stated, “We are very pleased to report over $6.3 million in quarterly revenues for the third quarter of 2023, along with greatly improved gross profits compared to the third quarter of 2022.” The company’s shares lost around 33% over the past month. The company’s 52-week low is $1.79.
• RSI Value: 22.36
• DGLY Price Action: Shares of Digital Ally fell 3.8% to close at $1.79 on Monday.

reAlpha Tech Corp. AIRE

• On Nov. 21, reAlpha announced pricing of $8 million public offering of 1.6 million units at $5 per unit. The company’s shares fell around 62% over the past month. The company has a 52-week low of $3.02.
• RSI Value: 2.75
• AIRE Price Action: Shares of reAlpha Tech gained 1.8% to close at $3.46 on Monday.

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