Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the financial 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.

HDFC Bank Limited HDB

• On Oct. 16, HDFC Bank reported a second-quarter consolidated net revenue increase of 114.8% Y/Y to INR 66,317 crore ($8.02 billion). The company's consolidated profit after tax for the quarter rose 51.1%. The company’s stock fell around 18% over the past month and has a 52-week low of $53.47 .
• RSI Value: 27.82
• HDB Price Action: Shares of HDFC Bank rose 1.5% to close at $54.80 on Wednesday.

Trinity Capital Inc. TRIN

• On Jan. 5, Trinity Capital Incnamed Michael Testa as CFO, succeeding David Lund. The company’s stock fell around 10% over the past month. It has a 52-week low of $11.14.
• RSI Value: 28.56
• TRIN Price Action: Shares of Trinity Capital rose 0.7% to close at $13.78 on Wednesday.

AlTi Global, Inc. ALTI

• On Nov. 14, AlTi Global posted a third-quarter loss of $1.40 per share. The company’s stock fell around 37% over the past month and has a 52-week low of $3.88.
• RSI Value: 29.01
• ALTI Price Action: Shares of AlTi Global gained 0.2% to close at $5.65 on Wednesday.

Forge Global Holdings, Inc. FRGE

• On Dec. 14, Forge Global revealed first-of-its-kind investable private market index in partnership with Accuidity to provide diversified exposure to late stage companies. The company’s shares lost around 52% over the past month. The company’s 52-week low is $1.10.
• RSI Value: 23.12
• FRGE Price Action: Shares of Forge Global fell 2.6% to close at $1.87 on Wednesday.

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