Stock Screener



Oversold Stocks

The most oversold stocks today is a list of stocks that have been beaten down recently and have the potential to bounce back based on the RSI indicator. When the RSI indicator moves below 30, a stock is considered as oversold.

The undervalued stocks list is useful for swing traders and day traders who are looking for quick trades based on technical analysis. This list is not intended for long-term investors who are looking to buy and hold stocks for the long term.

9/22/2023

To get intraday penny stocks update (every 5-10 minutes), please signup for a free account.

Symbol Chart Open High Low Close Volume % Change Buy or Sell
HSCS 0.39 0.48 0.39 0.44 266300 12.82% HSCS Buy or Sell
PROK 4.38 4.92 4.32 4.83 1106500 11.03% PROK Buy or Sell
DATS 2.56 3.02 2.40 2.90 110000 10.27% DATS Buy or Sell
VAXX 1.33 1.61 1.30 1.38 501800 9.52% VAXX Buy or Sell
LAZY 7.12 7.96 7.12 7.67 109600 9.10% LAZY Buy or Sell
SPRY 3.66 4.01 3.47 3.96 3847900 7.90% SPRY Buy or Sell
BCDA 0.38 0.41 0.38 0.41 280700 7.89% BCDA Buy or Sell
GRTX 0.18 0.18 0.17 0.18 2349600 5.88% GRTX Buy or Sell
BHIL 0.35 0.36 0.33 0.36 313400 5.88% BHIL Buy or Sell
TPIC 2.95 3.18 2.95 3.09 1426400 5.46% TPIC Buy or Sell
CZOO 0.63 0.63 0.53 0.58 371400 5.45% CZOO Buy or Sell
CUEN 1.35 1.74 1.30 1.44 52200 5.11% CUEN Buy or Sell
ASUR 8.25 8.68 8.25 8.62 322400 4.99% ASUR Buy or Sell
CANO 0.23 0.24 0.22 0.23 3624400 4.55% CANO Buy or Sell
OBLG 0.45 0.47 0.41 0.46 154200 4.55% OBLG Buy or Sell
RVNC 12.62 13.07 12.23 13.01 3823200 4.33% RVNC Buy or Sell
NSTG 1.46 1.55 1.40 1.50 882900 4.17% NSTG Buy or Sell
JSPR 0.75 0.80 0.69 0.78 1099845 4.00% JSPR Buy or Sell
EVA 6.31 6.61 6.24 6.60 1190600 3.77% EVA Buy or Sell
OCCI 6.58 6.67 6.50 6.67 193500 3.73% OCCI Buy or Sell
ELVN 12.72 13.20 12.38 13.17 82100 3.54% ELVN Buy or Sell
CMRA 0.26 0.34 0.26 0.30 45500 3.45% CMRA Buy or Sell
WOOF 3.78 3.94 3.75 3.91 6541100 3.17% WOOF Buy or Sell
ASRT 2.52 2.66 2.52 2.60 1636100 3.17% ASRT Buy or Sell
SGHT 2.96 3.11 2.88 3.05 404700 3.04% SGHT Buy or Sell
AIXI 2.14 2.21 2.02 2.11 85300 2.93% AIXI Buy or Sell
DTCK 5.00 5.41 4.52 5.05 1308000 2.85% DTCK Buy or Sell
WTER 0.36 0.40 0.36 0.37 257500 2.78% WTER Buy or Sell
TVTX 7.38 7.95 7.18 7.85 7449400 2.75% TVTX Buy or Sell
ARVL 1.18 1.23 1.17 1.18 161400 2.61% ARVL Buy or Sell
PIXY 0.39 0.41 0.38 0.40 57200 2.56% PIXY Buy or Sell
CWK 7.37 7.71 7.37 7.55 5165700 2.30% CWK Buy or Sell
VIR 9.16 9.52 8.90 9.35 2258100 2.30% VIR Buy or Sell
CNTY 5.25 5.39 5.06 5.37 466500 2.29% CNTY Buy or Sell
FREY 5.06 5.32 5.06 5.11 2016200 2.20% FREY Buy or Sell
SPR 14.92 15.42 14.89 15.16 6110500 2.16% SPR Buy or Sell
LTHM 18.22 18.47 17.68 17.70 3760100 2.08% LTHM Buy or Sell
AGTI 6.77 6.91 6.65 6.90 450200 2.07% AGTI Buy or Sell
NVDU 22.24 22.63 21.99 22.28 73900 2.06% NVDU Buy or Sell
NOGN 0.56 0.60 0.51 0.54 100800 1.89% NOGN Buy or Sell
ALLK 2.14 2.18 2.02 2.17 1374200 1.88% ALLK Buy or Sell
MOMO 7.15 7.15 7.07 7.08 970800 1.87% MOMO Buy or Sell
CCU 12.92 13.10 12.82 13.02 141100 1.80% CCU Buy or Sell
TFSL 11.91 12.03 11.85 12.02 347400 1.78% TFSL Buy or Sell
PNT 7.00 7.19 6.87 7.02 743200 1.74% PNT Buy or Sell
IMAB 1.23 1.29 1.19 1.20 665200 1.69% IMAB Buy or Sell
NOTV 3.00 3.10 2.96 3.06 68900 1.66% NOTV Buy or Sell
CAVA 30.56 31.36 30.39 30.89 1046800 1.65% CAVA Buy or Sell
IAS 11.68 11.83 11.60 11.76 488200 1.64% IAS Buy or Sell
CLFD 30.71 31.21 30.45 30.97 200000 1.47% CLFD Buy or Sell
CTXR 0.69 0.71 0.69 0.70 559600 1.45% CTXR Buy or Sell
ATXS 6.85 7.59 6.85 6.99 212800 1.45% ATXS Buy or Sell
SLI 3.00 3.15 2.89 2.89 917500 1.40% SLI Buy or Sell
ALLR 0.74 0.76 0.72 0.76 114400 1.33% ALLR Buy or Sell
AIV 6.98 7.13 6.98 7.07 967800 1.29% AIV Buy or Sell
EXFY 3.27 3.34 3.21 3.31 719700 1.22% EXFY Buy or Sell
GGR 2.47 2.52 2.45 2.50 205900 1.21% GGR Buy or Sell
VUZI 3.36 3.46 3.35 3.39 404000 1.19% VUZI Buy or Sell
CHEF 22.96 23.28 22.30 23.26 640400 1.17% CHEF Buy or Sell
INGN 5.17 5.29 5.14 5.21 320100 1.17% INGN Buy or Sell
HQI 15.36 15.73 15.36 15.52 21800 1.11% HQI Buy or Sell
DOCN 24.43 24.65 23.83 24.22 1228400 1.09% DOCN Buy or Sell
CVAC 7.44 7.70 7.40 7.49 363800 1.08% CVAC Buy or Sell
CDMO 9.48 9.73 9.18 9.60 1270500 1.05% CDMO Buy or Sell
DH 7.73 8.04 7.73 7.89 564300 1.02% DH Buy or Sell
NVST 27.62 28.00 27.25 27.83 1781500 0.98% NVST Buy or Sell
SBH 8.33 8.50 8.24 8.34 3021500 0.97% SBH Buy or Sell
YEXT 6.22 6.27 6.13 6.23 1174900 0.97% YEXT Buy or Sell
NXRT 32.80 33.84 32.78 33.03 136000 0.95% NXRT Buy or Sell
ESTA 48.34 48.88 47.48 48.67 175300 0.93% ESTA Buy or Sell
SEER 2.28 2.32 2.26 2.29 220500 0.88% SEER Buy or Sell
ASML 593.88 594.77 586.04 587.10 837100 0.86% ASML Buy or Sell
ZI 15.83 16.02 15.60 15.86 5065100 0.83% ZI Buy or Sell
GCV 3.77 3.77 3.68 3.71 58900 0.82% GCV Buy or Sell
PSTV 1.25 1.25 1.21 1.25 80700 0.81% PSTV Buy or Sell
RCEL 13.87 14.34 13.67 13.97 66500 0.79% RCEL Buy or Sell
OPEN 2.64 2.66 2.46 2.57 18984600 0.78% OPEN Buy or Sell
PSI 41.90 42.21 41.80 41.81 22000 0.77% PSI Buy or Sell
DV 27.81 28.05 27.54 27.64 937200 0.73% DV Buy or Sell
BRLT 2.85 2.87 2.68 2.77 187000 0.73% BRLT Buy or Sell
STOK 4.17 4.30 4.08 4.18 229300 0.72% STOK Buy or Sell
PRLD 2.80 2.94 2.66 2.81 175900 0.72% PRLD Buy or Sell
MYI 10.03 10.08 9.98 10.06 180500 0.70% MYI Buy or Sell
ACAD 23.56 23.74 22.97 23.56 1694400 0.68% ACAD Buy or Sell
SSYS 12.42 12.60 12.31 12.41 1163900 0.65% SSYS Buy or Sell
ENV 47.85 48.31 47.50 47.91 433600 0.65% ENV Buy or Sell
LVWR 7.92 7.92 7.38 7.77 26200 0.65% LVWR Buy or Sell
RDUS 27.20 27.65 26.99 27.23 106200 0.63% RDUS Buy or Sell
SLP 40.00 40.59 39.94 40.27 42900 0.60% SLP Buy or Sell
NEON 1.68 1.69 1.66 1.67 21000 0.60% NEON Buy or Sell
MPW 5.36 5.44 5.20 5.34 17400800 0.56% MPW Buy or Sell
QQQY 19.47 19.53 19.40 19.48 50800 0.52% QQQY Buy or Sell
MITT 5.80 5.88 5.75 5.86 120400 0.51% MITT Buy or Sell
ALGM 32.11 32.24 31.45 31.90 1800400 0.50% ALGM Buy or Sell
ECAT 14.78 14.90 14.67 14.77 403100 0.48% ECAT Buy or Sell
AAON 56.66 57.73 56.53 56.95 353700 0.48% AAON Buy or Sell
PCQ 8.64 8.64 8.59 8.64 49600 0.47% PCQ Buy or Sell
DGII 28.52 28.83 28.45 28.58 224200 0.46% DGII Buy or Sell
IQI 8.77 8.78 8.73 8.77 127200 0.46% IQI Buy or Sell
PMF 8.80 8.86 8.75 8.82 56200 0.46% PMF Buy or Sell
BOTZ 24.65 24.75 24.50 24.57 693800 0.45% BOTZ Buy or Sell
NOMD 15.60 15.88 15.52 15.74 551000 0.45% NOMD Buy or Sell
DTC 4.49 4.55 4.41 4.51 349900 0.45% DTC Buy or Sell
SVV 18.90 19.16 18.52 18.99 710200 0.42% SVV Buy or Sell
MYD 9.74 9.77 9.72 9.75 87900 0.41% MYD Buy or Sell
BST 31.14 31.24 30.92 31.00 98800 0.39% BST Buy or Sell
NAD 10.45 10.52 10.43 10.46 684400 0.38% NAD Buy or Sell
CHAA 10.99 10.99 10.91 10.99 419300 0.37% CHAA Buy or Sell
ITRI 60.44 60.89 59.85 59.91 256600 0.37% ITRI Buy or Sell
TSEM 25.03 25.47 24.86 25.30 1080600 0.36% TSEM Buy or Sell
BKU 22.51 22.71 22.19 22.49 427800 0.36% BKU Buy or Sell
WIW 8.43 8.47 8.41 8.47 130500 0.36% WIW Buy or Sell
BTT 19.70 19.80 19.62 19.75 114800 0.36% BTT Buy or Sell
TTC 79.92 80.65 79.76 80.28 692200 0.35% TTC Buy or Sell
TSM 86.25 86.77 85.45 85.64 7965200 0.33% TSM Buy or Sell
RA 12.05 12.14 12.03 12.07 653200 0.33% RA Buy or Sell
RBLX 25.42 25.77 25.18 25.39 7079700 0.32% RBLX Buy or Sell
TSVT 3.15 3.25 3.01 3.15 1230900 0.32% TSVT Buy or Sell
UIS 3.26 3.32 3.20 3.23 426900 0.31% UIS Buy or Sell
GLPG 34.99 35.40 34.85 35.27 86800 0.31% GLPG Buy or Sell
NEA 10.05 10.10 10.03 10.04 827400 0.30% NEA Buy or Sell
M 10.92 10.99 10.74 10.87 11574000 0.28% M Buy or Sell
BKN 10.66 10.66 10.61 10.62 43700 0.28% BKN Buy or Sell
RPRX 26.33 26.48 25.94 26.33 3427000 0.27% RPRX Buy or Sell
MGNI 7.40 7.45 7.30 7.37 1049900 0.27% MGNI Buy or Sell
BDJ 7.57 7.60 7.53 7.56 738200 0.27% BDJ Buy or Sell
FFTY 22.13 22.27 22.01 22.03 83300 0.27% FFTY Buy or Sell
FUND 7.39 7.56 7.39 7.51 24100 0.27% FUND Buy or Sell
HR 15.53 15.73 15.39 15.56 2813200 0.26% HR Buy or Sell
CWH 19.83 20.08 19.82 19.94 897200 0.25% CWH Buy or Sell
RSPT 28.18 28.31 28.06 28.08 477800 0.25% RSPT Buy or Sell
DRSK 23.66 23.78 23.66 23.73 153000 0.25% DRSK Buy or Sell
WRND 24.41 24.49 24.31 24.34 120400 0.25% WRND Buy or Sell
RNST 25.05 25.34 24.84 25.06 218600 0.24% RNST Buy or Sell
TUGN 21.30 21.33 21.09 21.09 36700 0.24% TUGN Buy or Sell
ASAN 17.36 17.37 17.03 17.13 1872700 0.23% ASAN Buy or Sell
RMD 137.75 138.56 136.43 136.61 1805600 0.23% RMD Buy or Sell
VMO 8.67 8.67 8.61 8.65 154900 0.23% VMO Buy or Sell
NMI 8.84 8.92 8.74 8.80 29400 0.23% NMI Buy or Sell
PHK 4.53 4.56 4.52 4.53 336000 0.22% PHK Buy or Sell
MYN 9.29 9.30 9.24 9.27 66000 0.22% MYN Buy or Sell
PFD 9.26 9.36 9.20 9.30 42000 0.22% PFD Buy or Sell
HOLX 70.24 70.60 69.88 70.21 1224800 0.20% HOLX Buy or Sell
VRNT 24.51 25.13 24.51 24.58 461500 0.20% VRNT Buy or Sell
NEWT 14.85 15.05 14.62 14.80 103000 0.20% NEWT Buy or Sell
ROBO 50.35 50.36 50.00 50.02 47400 0.20% ROBO Buy or Sell
GENI 5.40 5.53 5.31 5.35 1340500 0.19% GENI Buy or Sell
SILK 15.75 16.14 15.30 15.71 425500 0.19% SILK Buy or Sell
DUET 10.70 10.71 10.70 10.71 321300 0.19% DUET Buy or Sell
MUI 10.64 10.68 10.61 10.64 201300 0.19% MUI Buy or Sell
ETG 15.88 15.91 15.68 15.69 192900 0.19% ETG Buy or Sell
FSD 10.74 10.81 10.74 10.76 114200 0.19% FSD Buy or Sell
NMRA 11.01 11.53 10.47 11.03 770900 0.18% NMRA Buy or Sell
LEO 5.54 5.54 5.50 5.51 298000 0.18% LEO Buy or Sell
FV 43.89 44.18 43.75 43.78 198200 0.18% FV Buy or Sell
NFJ 11.66 11.72 11.50 11.60 445400 0.17% NFJ Buy or Sell
RVNU 24.16 24.16 24.01 24.05 36000 0.17% RVNU Buy or Sell
DOC 12.32 12.57 12.31 12.32 2173300 0.16% DOC Buy or Sell
IEX 206.39 208.08 205.29 207.13 389400 0.16% IEX Buy or Sell
CCD 19.16 19.32 19.11 19.22 63600 0.16% CCD Buy or Sell
SWAN 24.44 24.49 24.34 24.34 28000 0.16% SWAN Buy or Sell
COO 329.27 331.81 326.18 328.87 156500 0.15% COO Buy or Sell
TFI 44.40 44.54 44.38 44.44 1350200 0.14% TFI Buy or Sell
PBP 21.58 21.61 21.36 21.49 42700 0.14% PBP Buy or Sell
KSA 38.85 38.94 38.74 38.81 207700 0.13% KSA Buy or Sell
HQH 15.60 15.69 15.59 15.59 177200 0.13% HQH Buy or Sell
QYLD 16.74 16.87 16.72 16.73 6038200 0.12% QYLD Buy or Sell
STM 42.73 43.00 42.49 42.72 2788000 0.12% STM Buy or Sell
EVM 8.35 8.40 8.34 8.36 110794 0.12% EVM Buy or Sell
EVN 9.23 9.27 9.19 9.22 106600 0.11% EVN Buy or Sell
MMU 9.31 9.35 9.30 9.32 78000 0.11% MMU Buy or Sell
NAC 10.05 10.11 10.05 10.06 273600 0.10% NAC Buy or Sell
NRK 9.73 9.73 9.68 9.70 262700 0.10% NRK Buy or Sell
ROBT 40.53 40.64 40.26 40.30 137300 0.10% ROBT Buy or Sell
BYM 10.27 10.31 10.25 10.26 65100 0.10% BYM Buy or Sell
MVT 9.87 9.90 9.86 9.88 57000 0.10% MVT Buy or Sell
UHT 41.00 41.85 40.92 41.16 49000 0.10% UHT Buy or Sell
XMPT 19.59 19.71 19.59 19.61 36900 0.10% XMPT Buy or Sell
INMD 32.50 32.81 32.12 32.28 894300 0.09% INMD Buy or Sell
PZA 22.57 22.57 22.51 22.54 703000 0.09% PZA Buy or Sell
MQY 10.75 10.80 10.70 10.74 294800 0.09% MQY Buy or Sell
PHAT 10.64 10.80 10.36 10.63 251100 0.09% PHAT Buy or Sell
ITM 44.76 44.77 44.67 44.74 170200 0.09% ITM Buy or Sell
BLUA 10.57 10.58 10.56 10.56 68000 0.09% BLUA Buy or Sell
BSMU 21.24 21.24 21.19 21.22 23900 0.09% BSMU Buy or Sell
ETV 12.19 12.31 12.15 12.17 263000 0.08% ETV Buy or Sell
ETB 12.79 12.85 12.77 12.78 59200 0.08% ETB Buy or Sell
MUB 103.97 104.02 103.87 103.96 4370600 0.07% MUB Buy or Sell
NIC 67.73 68.34 67.50 67.98 26900 0.06% NIC Buy or Sell
CPRT 43.19 43.54 43.06 43.16 3255100 0.05% CPRT Buy or Sell
HEDJ 39.75 39.91 39.61 39.62 38800 0.05% HEDJ Buy or Sell
JMSI 48.67 48.77 48.67 48.77 43000 0.04% JMSI Buy or Sell
CMA 41.45 41.54 40.68 41.22 1547100 0.02% CMA Buy or Sell
NVO 91.80 92.64 91.13 91.30 2944600 0.01% NVO Buy or Sell
RKLB 4.54 4.67 4.46 4.48 3690000 0.00% RKLB Buy or Sell
BLNK 3.15 3.22 3.13 3.14 1456600 0.00% BLNK Buy or Sell
NCZ 2.71 2.80 2.70 2.72 1152900 0.00% NCZ Buy or Sell
CMND 0.16 0.16 0.15 0.16 740600 0.00% CMND Buy or Sell
TWKS 4.25 4.26 4.13 4.16 572700 0.00% TWKS Buy or Sell
FTDR 30.60 30.81 30.48 30.55 519400 0.00% FTDR Buy or Sell
MLN 17.08 17.08 16.57 17.03 489000 0.00% MLN Buy or Sell
RVT 12.93 12.95 12.83 12.83 310900 0.00% RVT Buy or Sell
SWIM 2.55 2.55 2.44 2.46 255700 0.00% SWIM Buy or Sell
VBIV 0.66 0.69 0.65 0.66 181900 0.00% VBIV Buy or Sell
MYPS 3.21 3.23 3.15 3.20 180900 0.00% MYPS Buy or Sell
MMIT 23.82 23.82 23.72 23.77 169200 0.00% MMIT Buy or Sell
PCEF 17.24 17.33 17.24 17.24 156900 0.00% PCEF Buy or Sell
GLTO 0.58 0.60 0.58 0.58 136100 0.00% GLTO Buy or Sell
MGAM 0.29 0.34 0.28 0.28 127002 0.00% MGAM Buy or Sell
LPTX 1.38 1.42 1.35 1.35 125400 0.00% LPTX Buy or Sell
EMLD 10.42 10.42 10.41 10.42 115500 0.00% EMLD Buy or Sell
RPG 30.09 30.20 29.97 29.97 101300 0.00% RPG Buy or Sell
RAIN 0.84 0.88 0.84 0.85 99600 0.00% RAIN Buy or Sell
FATH 0.29 0.31 0.28 0.30 96607 0.00% FATH Buy or Sell
NYF 51.80 51.81 51.70 51.71 74300 0.00% NYF Buy or Sell
IGOV 37.66 37.76 37.65 37.67 60600 0.00% IGOV Buy or Sell
MAV 7.09 7.10 7.05 7.08 52500 0.00% MAV Buy or Sell
MIY 10.39 10.43 10.38 10.39 51500 0.00% MIY Buy or Sell
ENER 10.48 10.48 10.48 10.48 48600 0.00% ENER Buy or Sell
STBX 1.10 1.11 1.05 1.07 46100 0.00% STBX Buy or Sell
FUV 0.84 0.85 0.81 0.84 39500 0.00% FUV Buy or Sell
JCE 12.23 12.30 12.15 12.17 37500 0.00% JCE Buy or Sell
NUMG 36.64 36.77 36.51 36.51 33900 0.00% NUMG Buy or Sell
PWZ 23.73 23.77 23.69 23.74 746100 -0.04% PWZ Buy or Sell
CGGO 23.06 23.14 22.94 22.95 487400 -0.04% CGGO Buy or Sell
BDGS 25.48 25.48 25.31 25.38 39600 -0.04% BDGS Buy or Sell
FVC 31.04 31.26 30.85 30.93 26100 -0.06% FVC Buy or Sell
PNQI 30.77 30.87 30.47 30.48 26100 -0.07% PNQI Buy or Sell
PXUS 21.73 21.73 21.51 21.52 205200 -0.09% PXUS Buy or Sell
AGD 9.11 9.11 8.88 8.90 89000 -0.11% AGD Buy or Sell
RMT 8.34 8.34 8.25 8.27 110200 -0.12% RMT Buy or Sell
ONTF 6.01 6.09 5.96 5.99 283300 -0.17% ONTF Buy or Sell
PCYO 9.54 9.60 9.48 9.51 95900 -0.21% PCYO Buy or Sell
NRO 2.81 2.84 2.80 2.82 222200 -0.35% NRO Buy or Sell
OPT 1.75 1.75 1.68 1.70 36800 -0.58% OPT Buy or Sell
NCV 3.07 3.10 3.05 3.06 823400 -0.65% NCV Buy or Sell
OLPX 2.10 2.14 2.07 2.07 1659400 -0.96% OLPX Buy or Sell
TRVG 1.04 1.08 1.02 1.02 367800 -0.97% TRVG Buy or Sell
STTK 1.59 2.11 1.51 1.51 293300 -1.31% STTK Buy or Sell
UNCY 0.67 0.68 0.65 0.65 20900 -1.52% UNCY Buy or Sell
SPGC 1.31 1.37 1.15 1.29 578900 -1.53% SPGC Buy or Sell
SUNW 0.55 0.56 0.53 0.54 960200 -1.82% SUNW Buy or Sell
BTTX 0.34 0.36 0.33 0.34 416100 -2.86% BTTX Buy or Sell
BURU 0.34 0.35 0.33 0.33 263124 -2.94% BURU Buy or Sell
CEI 0.30 0.31 0.29 0.30 2198600 -3.23% CEI Buy or Sell
SSU 0.36 0.36 0.31 0.35 453800 -10.26% SSU Buy or Sell

How to trade oversold stocks?

As technical traders, we should never rely on a single indicator. We should use multiple technical indicators and chart patterns to generate a buy and sell signal. It is recommended that a trader combines the RSI or the stochastic with other indicators for best results. Let's take a look at a chart example. The oversold stock signal based on the RSI indicator works out well for the stock COUP. During mid-March, the stock formed three bullish signals.

  • RSI drops below 30 and bounces back above the RSI oversold a few days later
  • MACD made a crossover which is another bullish sign
  • On top of that, the stock is trading at a usually high volume on the day that it bounced back from the bottom.

Oversold stocks examples

Let's look at another example, CPNG, which was another oversold stock recently.

  • The RSI indicator for CPNG dived below 30 twice in the following chart. First in January, and a second time in Mid-May. In both cases, the stock was considered an oversold stock.
  • As the RSI crosses over 30 from the oversold zone, it generates a bullish signal.
  • Around the same time, the stock chart forms a MACD crossover which is another bullish signal.
  • In January after the RSI rises above 30, CPNG rises from about $20 per share and peaks at $27 a month later.
  • The stock then keeps going lower until Mid-May when the stock is considered oversold again based on the RSI indicator. The stock then plunged sharply on May 9 and May 11 to a low of $9 per share. After the RSI crossover of 30 again the next day after the stock rises, the stock then peaks around $14. For the next 3 weeks or so, the stock is consolidating in that area and fails to break above $14 which means $14 is the new resistance. Since the stock could go either way from here, there is no advantage of holding the stock any longer for traders who go long based on the RSI crossover signal.




Conclusion

I wish to tell you that every trade works out as well as the ones that we showed above, but that's not the case. Oftentimes, a stock fails to go up and you need to get out at a loss or break even. You need to have a plan before you enter a trade and have an exit strategy to get out when things are not working out.

Please understand that just because a stock is oversold based on the technical indicator doesn't mean it has reached the bottom.

Many factors may cause the downtrend, such as the general market being in negative territory, the economy being in trouble, the industry not doing good, or the stock itself may be in trouble.

During a downtrend, stock can be in oversold territory for a very long time. A trader has to be careful not to jump in on trade too early otherwise he will end up losing money.

Buying a stock during a downtrend is like catching a falling knife, the odds are against you. Conservative traders should wait for signs of recovery and set a tight stop loss to buy oversold stocks.

To learn more, read the following related articles How to trade oversold stocks When to sell a stock How to read stock charts


How to find oversold stocks?

Our stock screener is for technical traders as most of the tools are built based on technical analysis and chart patterns. Therefore, we will only be discussing how to find oversold stocks based on the technical indicators.

The oversold stocks listed above are based on the RSI indicator. If you prefer to use the stochastic indicator, simply follow the below steps.

  • Go to our main page https://stock-screener.org
  • Scroll down to find the stochastic indicator under the Technical Stock Screener
  • Select the stochastic crossover from 0 & to 30.
  • Hit the submit button, and you will get a list of stocks that are oversold based on the stochastic indicator.



What are oversold stocks?

First, let's define what oversold stock means. Oversold stocks have different meanings depending on whether you are a trader or an investor.

For a long-term investor, a stock is considered oversold when it is trading under the true value based on fundamental data such as the P/E ratio. If a stock's P/E ratio is at a historical low, it will be considered cheap to long-term value investors.

For technical traders, the perspective of oversold stocks is different from the measurements of the P/E ratios of a company. As short-term traders, we determine whether a stock is oversold based on the RSI indicator or the stochastic oscillator to see if a stock is too cheap compared to recent prices.

The technical approach does not take into account the P/E ratios or any fundamental data, the main focus is the stock price and the stock charts.


RSI Oversold Stocks

There are many technical indicators developed by traders to measure if a stock is oversold. The Relative Strength Index indicator (RSI) and stochastic oscillator are the most popular indicators when it comes to finding oversold and overbought stocks.

When the RSI indicator drops below 30, the stock is considered oversold or when the stochastic oscillator drops below 20, it is also regarded as oversold. Often, these two technical indicators generate conflicting signals. This oversold stocks list shows stocks with low rsi (RSI < 30).


Oversold Penny Stocks

This list does not include penny stocks. For those who are interested in oversold penny stocks, use the penny stocks scanner.


Advanced stock screener
Scan for strong stocks
Never miss a profitable trade
$29.99/Month FREE
Limited Time Only

Free Signup





Top 50 Stocks
Top 10 Penny Stocks
Trade Alert +742% in 7 Days





MACD Screener



RSI Screener

Moving Average Screener

Penny Stock Screener

Candlestick Screener

Stock Gainers & Losers

Swing Trading Strategies