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.
Scully Royalty Ltd (NYSE:SRL)
- On Jan. 12, Scully Royalty’s board terminated CEO and commenced search for new CEO. The company’s stock fell around 11% over the past month and has a 52-week low of $5.13.
- RSI Value: 29.5
- SRL Price Action: Shares of Scully Royalty fell 2% to close at $6.87 on Thursday.
- Benzinga Pro’s newsfeed tool helped identify the developments in SRL stock.

Bon Natural Life Ltd (NASDAQ:BON)
- On March 31, BON announced a strategic partnership with Tigerbone Group to launch new natural health initiatives. Mr. Yongwei Hu, Chairman of BON said, “Under the guidance of the ‘BON Cooperation and Development Committee,’ we expect to cultivate highly competitive new product categories under the BON brand within the health technology sector and deliver more scientifically grounded, natural health solutions to consumers worldwide. Looking ahead, BON and Tigerbone Group will continue to explore new technologies and innovations based on their existing intellectual property, with the goal of driving meaningful incremental market growth.” The company’s stock fell around 8% over the past month and has a 52-week low of $1.13.
- RSI Value: 27.5
- BON Price Action: Shares of Bon Natural Life fell 3% to close at $1.28 on Thursday.
- Benzinga Pro’s charting tool helped identify the trend in BON stock.

Origin Materials Inc (NASDAQ:ORGN)
- On March 27, Origin Materials reported fourth-quarter losses of $3.04 per share, versus year-ago losses of $2.70 per share. John Bissell, Origin CEO, said. “Last year was a challenging one for Origin that also brought meaningful progress. Our commercialization journey has taken longer than we initially anticipated, which has had a negative impact on our stock price. However, this month we delivered the latest iteration of Origin PET caps to multiple world-class beverage brands – with approximately thirty key prospects in our pipeline receiving and evaluating our latest design.” The company’s stock fell around 27% over the past month and has a 52-week low of $1.88.
- RSI Value: 14.7
- ORGN Price Action: Shares of Origin Materials gained 1.3% to close at $2.36 on Thursday.
- Benzinga Pro’s signals feature notified of a potential breakout in ORGN shares.

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