Top 5 Tech And Telecom Stocks That Are Preparing To Pump This Quarter

The most oversold stocks in the communication services 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.

Nexters Inc. GDEV

• Nexters stock dipped around 39% over the past six months. The company’s stock has a 52-week low of $3.11 .
• RSI Value: 20.01
• GDEV Price Action: Shares of Nexters fell 2.8% to close at $3.51 on Tuesday.

Consolidated Communications Holdings, Inc. CNSL

• Consolidated Comms posted a narrower-than-expected quarterly loss. "We gained strong momentum with our Fidium consumer broadband services during 2022 as we added 40,100 fiber subscribers1, more than double the prior year, and grew consumer fiber broadband revenue 37%1," said Bob Udell, chief executive officer at Consolidated Communications. The company’s stock has a 52-week low of $2.3450.
• RSI Value: 22.99
• CNSL Price Action: Shares of Consolidated Communications fell 0.4% to close at $2.40 on Tuesday.

Cumulus Media Inc. CMLS

• Cumulus Media posted better-than-expected quarterly sales. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "Despite considerable economic turbulence, we delivered fourth quarter financial performance in the upper half of our guidance range, continuing a multi-year period of significant accomplishments." The company’s stock has a 52-week low of $3.88.
• RSI Value: 25.17
• CMLS Price Action: Shares of Cumulus Media gained 0.5% to close at $4.12 on Tuesday.

The E.W. Scripps Company SSP

• E.W. Scripps reported worse-than-expected Q4 sales results. "Since the beginning of this year, Scripps has been engaged in examining the best ways to structure our company so that we are well-positioned to capture the opportunities we see emerging in our industry," said Adam Symson, Scripps' president and CEO. The company’s 52-week low is $8.71.
• RSI Value: 25.69
• SSP Price Action: Shares of E.W. Scripps gained 3.8% to close at $9.35 on Tuesday.

Getty Images Holdings, Inc. GETY

• Getty Images reported worse-than-expected Q4 financial results and issued FY23 revenue guidance below estimates. Craig Peters, Chief Executive Officer of Getty Images said, “Today marks Getty Images’ 28th anniversary. Over those 28 years, Getty Images has focused on producing and providing high quality, exclusive and authentic content that is born from our unique expertise, creativity and partnerships. This continues to be the heart of our business and focus.” The company has a 52-week low of $3.42.
• RSI Value: 22.30
• GETY Price Action: Shares of Getty Images rose 3.7% to close at $3.69 on Tuesday.

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