Top 3 Materials Stocks Which Could Rescue Your Portfolio For April

The most oversold stocks in the materials 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.

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Arq Inc ARQ

On April 2, Arq named Jay Voncannon as Chief Financial Officer. “I am excited to reach this significant milestone in Arq’s ongoing evolution,” said Bob Rasmus, CEO of Arq. “Jay is a proven financial leader with sharp strategic acumen and extensive track record of delivering outstanding results.” The company's stock fell around 26% over the past month and has a 52-week low of $3.40.
RSI Value: 28.1
ARQ Price Action: Shares of Arq closed at $3.57 on Monday.
Edge Stock Ratings: 13.21 Momentum score with Value at 76.61.

Rayonier Advanced Materials Inc RYAM

On March 5, Rayonier Advanced Materials posted better-than-expected quarterly results. “2024 marked a transformative chapter in our journey at RYAM, with the achievement of several strategic milestones that will position us well for the future,” stated De Lyle Bloomquist, President and CEO of RYAM. The company's stock fell around 13% over the past month and has a 52-week low of $3.72.
RSI Value: 29.9
RYAM Price Action: Shares of Rayonier Advanced Materials gained 1.1% to close at $4.73 on Monday.
Benzinga Pro’s charting tool helped identify the trend in RYAM stock.

Northern Technologies International Corporation NTIC

On April 10, Northern Technologies posted downbeat quarterly results. “NTIC’s second-quarter performance demonstrates the increasing intensity of the headwinds we are currently facing, including recent changes in U.S. trade and economic policies, the seasonality of our industrial and oil and gas businesses, and the timing of certain Natur-Tec® orders. Despite these current headwinds, we believe we are poised for a rebound in Natur-Tec® and ZERUST® oil and gas sales in the second half of the fiscal year,” said G. Patrick Lynch, President and CEO of NTIC. The company's stock fell around 26% over the past five days and has a 52-week low of $7.12.
RSI Value: 14.1
NTIC Price Action: Shares of Northern Technologies International fell 5.5% to close at $7.25 on Monday.
Benzinga Pro’s signals feature notified of a potential breakout in NTIC shares.