Top 5 Industrial Stocks Getting Ready to Pump in the First Quarter – Astra Space (NASDAQ:ASTR), Boeing (NYSE:BA)

The most oversold stocks in the industrial sector represent an opportunity to buy undervalued companies.

The RSI is a momentum indicator, comparing a stock’s strength on days when prices rise to its strength on days when prices fall. Compared to a stock’s price action, it can give traders a better idea of ​​how a stock might perform in the short term. According to Benzinga Pro, an asset is generally considered oversold when the RSI is below 30.

Here is the latest list of major oversold players in this sector, with an RSI near or below 30.

Skillsoft Corp. UNDERSTAND

• Skillsoft is expected to report fourth-quarter and full-year fiscal 2024 financial results on April 15, 2024. The company’s shares have fallen about 29% over the past five days and have a 52 week low of $7.37 .
• RSI value: 26.36
• SKIL Price Action: Skillsoft shares fell 4.3% to close at $8.08 on Tuesday.

Pineapple Energy Inc. Peggy

• On February 5, Pineapple Energy priced a $1 million registered direct offering of common stock. The company’s shares are down about 32% over the past month. It has a minimum of 52 weeks of $0.05.
• RSI value: 26.03
• PEGY Price Action: Pineapple Energy shares fell 3.2% to close at $0.0610 on Tuesday.

Astra Space, Inc. ASTR

• On March 7, Astra Space agreed to go private. The company’s shares are down about 72% over the past month and have a 52-week hold low of $0.5210.
• RSI value: 11.47pm
• ASTR Price Action: Astra Space shares gained 1.9% to close at $0.5398 on Tuesday.

The Boeing company BA

• On March 12 it was reported that Boeing had failed 33 of 89 audits performed by the Federal Aviation Administration following January’s Alaska Air crash in which the door panel of a 737 Max jet exploded. The company’s shares have lost about 11% over the past month. The company’s 52-week low is $176.25.
• RSI value: 28.66
• BA Price Action: Boeing shares rose 0.7% to close at $181.14 on Tuesday.

NeoVolta Inc. NEW

• On February 13, NeoVolta announced that it reported over $1 million in gross revenue for the fourth quarter. The company’s shares have fallen about 45% over the past month. The company has a minimum of 52 weeks of $0.6270.
• RSI value: 24.95
• NEOV Price Action: NeoVolta shares gained 7.7% to close at $0.82 on Tuesday.

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