Top 3 Industrials Stocks That Are Set To Fly In April

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, according to Benzinga Pro.

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

ChargePoint Holdings, Inc. CHPT

• On April 9, Goldman Sachs analyst Mark Delaney downgraded ChargePoint Hldgs from Neutral to Sell and lowered the price target from $2 to $1.5. The company's stock fell around 11% over the past five days and has a 52-week low of $1.21.
• RSI Value: 29.03
• CHPT Price Action: Shares of ChargePoint fell 1.5% to close at $1.34 on Tuesday.

Hertz Global Holdings, Inc. HTZ    

• On April 18, Deutsche Bank analyst Chris Woronka maintained Hertz Global with a Hold and lowered the price target from $10 to $6. The company's stock fell around 17% over the past five days. It has a 52-week low of $5.45.
• RSI Value: 25.48
• HTZ Price Action: Shares of Hertz Global fell 7.5% to close at $5.46 on Tuesday.

SP Plus Corporation SP

• On Feb. 27, SP Plus posted downbeat quarterly earnings. Marc Baumann, Chairman and Chief Executive Officer, said, “Fourth quarter results capped a record year for SP+ in 2023. Full-year reported gross profit increased 15%, adjusted gross profit increased 13% and adjusted EBITDA increased 10%, reflecting excellent execution of our growth strategy by our SP+ team members who strengthened our industry leadership position by bringing both innovative technology solutions and superior operations to existing and new clients.” The company's stock fell around 1% over the past month and has a 52-week low of $32.78.
• RSI Value: 27.93
• SP Price Action: Shares of SP Plus rose 1.1% to close at $50.78 on Tuesday.

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