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.
Clearwater Paper Corp (NYSE:CLW)
- On Oct. 26, Clearwater Paper reported worse-than-expected third-quarter financial results. “We delivered strong commercial execution during the quarter, with average selling prices increasing versus the second quarter. We successfully implemented our first announced price increase and continue to make meaningful progress on implementing the second increase,” said Arsen Kitch, president and chief executive officer. The company’s stock fell around 29% over the past month and has a 52-week low of $11.73.
- RSI Value: 27.8
- CLW Price Action: Shares of Clearwater Paper fell 0.5% to close at $13.21 on Monday.
- Edge Stock Ratings: 10.36 Momentum score.

Sasol Ltd (NYSE:SSL)
- On Sept. 25, Mr Rhidwaan Gasant tendered his resignation as a non-executive director of Sasol for personal reasons. Ms Dube, Chairman of the Board said, “On behalf of the Board, I would like to thank Rhidwaan for his service and contribution to Sasol during his tenure as a non-executive director. We appreciate the insights and experience he brought to Board deliberations and wish him well in his future endeavours.” The company’s stock fell around 13% over the past five days and has a 52-week low of $5.97.
- RSI Value: 29.9
- SSL Price Action: Shares of Sasol dipped 7% to close at $13.79 on Monday.
- Benzinga Pro’s charting tool helped identify the trend in SSL stock.

Corteva Inc (NYSE:CTVA)
- On Oct. 23, Corteva announced its Board of Directors authorized a common stock dividend of 5 cents per share. The company’s stock fell around 9% over the past month and has a 52-week low of $9.54.
- RSI Value: 16.5
- CTVA Price Action: Shares of Corteva gained 1.8% to close at $12.11 on Monday.
- Benzinga Pro’s signals feature notified of a potential breakout in CTVA shares.

BZ Edge Rankings: Find out where other stocks stand—explore the full comparison now.
Photo via Shutterstock
Recent Comments