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.

Paysafe Ltd (NYSE:PSFE)

  • On Jan. 16, Paysafe disclosed a strategic partnership with Pay.com, a payments orchestration platform. Rob Gatto, Chief Revenue Officer at Paysafe, stated, “Our collaboration will likely be a game-changer for online merchants, optimising payment routing, enhancing approval rates, and, above all, strengthening their checkouts and ultimately customer relationships.” The company’s stock fell around 14% over the past five days and has a 52-week low of $6.43.
  • RSI Value: 29.9
  • PSFE Price Action: Shares of Paysafe fell 7.3% to close at $7.16 on Friday.
  • Edge Stock Ratings: 1.58 Momentum score with Value at 37.22.

Progressive Corp (NYSE:PGR)    

  • On Jan. 15, BMO Capital analyst Michael Zaremski maintained Progressive with a Market Perform and cut the price target from $253 to $239. The company’s stock fell around 11% over the past month and has a 52-week low of $199.90.
  • RSI Value: 29.6                         
  • PGR Price Action: Shares of Progressive fell 0.6% to close at $202.37 on Friday.
  • Benzinga Pro’s charting tool helped identify the trend in PGR stock.

Bowhead Specialty Holdings Inc (NYSE:BOW)

  • On Jan. 6, Keefe, Bruyette & Woods analyst Meyer Sheilds maintained Bowhead Specialty with an Outperform rating and lowered the price target from $38 to $36. The company’s stock fell around 16% over the past month and has a 52-week low of $23.50.
  • RSI Value: 29.2
  • BOW Price Action: Shares of Bowhead Specialty dipped 5% to close at $24.08 on Friday.
  • Benzinga Pro’s signals feature notified of a potential breakout in BOW shares.

Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.

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