11 RSI Oversold Stocks to Watch This Week
Our AI-powered screener identified 11 stocks trading with RSI below 30, signaling potentially oversold conditions. Here's what the technical indicators are telling us.
What is RSI and Why Does It Matter?
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and magnitude of price movements on a scale of 0 to 100. When RSI drops below 30, it traditionally signals that a stock may be oversold and due for a potential bounce.
However, oversold doesn't mean "buy immediately." Stocks can remain oversold for extended periods during strong downtrends. That's why we combine RSI with other indicators like volume, momentum, and support levels.
Today's RSI Oversold Stocks
| Symbol | Price | RSI | 5D Momentum | Support | Vol Ratio |
|---|---|---|---|---|---|
| ELME | $2.20 | 7.0 | -25.68% | $2.10 | 0.35x |
| MXCT | $0.91 | 16.8 | -21.74% | $0.89 | 1.61x |
| SONO | $14.13 | 22.4 | -5.23% | $14.12 | 0.47x |
| OSG | $5.67 | 22.9 | -7.05% | $5.55 | 0.36x |
| PAR | $26.33 | 24.4 | -16.68% | $25.98 | 1.24x |
| EVH | $3.22 | 26.8 | -18.40% | $3.15 | 0.25x |
| BRCC | $0.82 | 27.3 | -13.55% | $0.80 | 0.21x |
| CXM | $6.38 | 27.6 | -5.42% | $6.21 | 0.32x |
| BRW | $6.79 | 28.5 | -1.38% | $6.76 | 0.73x |
| RAMP | $24.09 | 28.9 | -6.48% | $23.75 | 0.29x |
| CNNE | $14.35 | 29.8 | -8.24% | $14.11 | 0.41x |
Key Observations
Extremely Oversold (RSI < 20)
ELME stands out with an RSI of just 7.0, indicating extreme selling pressure. The stock has dropped over 25% in the past 5 days and is trading near its support level of $2.10. This level of oversold reading often precedes at least a short-term bounce, though the low volume ratio (0.35x) suggests buyers haven't stepped in yet.
MXCT at RSI 16.8 shows elevated volume (1.61x average), which could indicate capitulation selling or early accumulation. Watch for a volume spike with price stabilization as a potential reversal signal.
Approaching Support Levels
SONO (Sonos) is trading right at its support level of $14.12 with RSI at 22.4. The audio equipment maker has seen relatively modest selling (-5.23% over 5 days) compared to others on this list, suggesting the decline may be more orderly.
PAR Technology shows the highest volume ratio (1.24x) among the moderately oversold stocks, combined with a significant 16.68% drop. The elevated volume near support ($25.98) could signal institutional interest.
Stabilizing Candidates
BRW has the smallest 5-day decline (-1.38%) on the list, suggesting selling pressure may be exhausting. With RSI at 28.5 and price near support, this could be one of the first to bounce if market conditions improve.
How to Use This Data
- Wait for confirmation - Don't buy solely because RSI is low. Look for price stabilization, bullish candlestick patterns, or volume confirmation.
- Check the broader trend - With S&P 500 in a bearish trend and VIX at moderate levels, oversold stocks may stay oversold longer.
- Set stop losses - If support levels break, these stocks could fall further. Always define your risk before entering.
- Consider position sizing - Oversold bounce plays are higher risk. Size positions accordingly.
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