The most oversold stocks in the information technology 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.
Docusign Inc (NASDAQ:DOCU)
- On Feb. 18, BTIG analyst Allan Verkhovski maintained Docusign with a Buy and lowered the price target from $88 to $70. The company’s stock fell around 23% over the past month and has a 52-week low of $41.53.
- RSI Value: 29.9
- DOCU Price Action: Shares of Docusign gained 0.8% to close at $44.48 on Friday.
- Edge Stock Ratings: 3.72 Momentum score with Value at 57.92.

Sequans Communications SA ADR (NYSE:SQNS)
- On Feb. 10, Sequans Communications posted weaker-than-expected results for the fourth quarter. “Our IoT semiconductor business continues to gain momentum and our fourth-quarter revenue of $7 million was predominantly product-driven,” said Dr. Georges Karam, CEO of Sequans. “We exited 2025 with a strengthened revenue profile, backed by a strong order backlog and a design-win pipeline of more than $300 million in potential three-year product revenue.” The company’s stock fell around 45% over the past month and has a 52-week low of $2.84.
- RSI Value: 29.7
- SQNS Price Action: Shares of Sequans Communications fell 0.3% to close at $2.91 on Friday.
- Benzinga Pro’s charting tool helped identify the trend in SQNS stock.

Elastic NV (NYSE:ESTC)
- On Feb. 20, Citigroup analyst Tyler Radke maintained Elastic with a Buy and lowered the price target from $115 to $95, while JP Morgan analyst Brian Essex maintained the stock with an Overweight rating and cut the price target from $113 to $98. The company’s stock fell around 19% over the past month and has a 52-week low of $56.70.
- RSI Value: 29.7
- ESTC Price Action: Shares of Elastic fell 6.4% to close at $58.12 on Friday.
- Benzinga Pro’s signals feature notified of a potential breakout in ESTC shares.

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