The most oversold stocks in the materials sector present an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, comparing a stock’s strength on up days to its strength on down days. When the RSI is below 30, an asset is considered oversold.

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

Opportunity: United States Steel Corporation (NYSE: X)

• On March 18, United States Steel provided first-quarter FY24 guidance, expecting adjusted EPS of $0.80-$0.84 and adjusted EBITDA of around $425 million. The stock fell around 14% in the past month, hitting a 52-week low of $20.40.
• RSI Value: 28.36
• X Price Action: Shares of United States Steel closed at $40.05 on Thursday, up 0.9%.

Potential: Crown ElectroKinetics Corp. (NASDAQ: CRKN)

• On March 13, Crown Electrokinetics issued guidance for the first and second quarters of 2024. The stock dropped around 40% in the past month, hitting a 52-week low of $0.0550.
• RSI Value: 24.96
• CRKN Price Action: Shares of Crown ElectroKinetics closed at $0.0598 on Thursday, down 2.8%.

Growth Potential: Inno Holdings Inc. (NASDAQ: INHD)

• On Dec. 15, Inno Holdings announced the launch of its revolutionary Mobile Factory, aiming to reduce costs and time of transportation for construction materials. The stock fell approximately 32% over the last month, with a 52-week low of $0.81.
• RSI Value: 19.25
• INHD Price Action: Shares of Inno Holdings closed at $0.8109 on Thursday, registering a 2.3% decline.

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