The most oversold stocks in the real estate 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.
Weyerhaeuser Co (NYSE:WY)
- On Oct. 8, TimberHP and Weyerhaeuser disclosed a strategic partnership to advance wood-based building solutions. “For more than a century, Weyerhaeuser has been delivering high-quality, sustainable building solutions to the market, and this partnership with TimberHP will allow us to expand our distribution portfolio and bring new, innovative wood fiber insulation products to more customers,” said Neal Shunk, Vice President, Wood Product Sales and Marketing at Weyerhaeuser. The company’s stock fell around 14% over the past month and has a 52-week low of $18.26.
- RSI Value: 29.6
- WY Price Action: Shares of Weyerhaeuser fell 0.4% to close at $19.10 on Friday.
- Edge Stock Ratings: 10.17 Momentum score with Value at 61.35.
Jones Lang LaSalle Inc (NYSE:JLL)
- On Oct. 9, Keefe, Bruyette & Woods analyst Jade Rahmani maintained Jones Lang LaSalle with an Outperform rating and lowered the price target from $415 to $385. The company’s stock fell around 13% over the past month and has a 52-week low of $259.83.
- RSI Value: 27.7
- JLL Price Action: Shares of Jones Lang LaSalle fell 1.1% to close at $299.87 on Friday.
- Benzinga Pro’s charting tool helped identify the trend in JLL stock.
BXP Inc (NYSE:BXP)
- BXP said it will release third quarter financial results on Oct. 27. The company’s stock fell around 8% over the past month and has a 52-week low of $49.72.
- RSI Value: 28.7
- BXP Price Action: Shares of BXP fell 0.5% to close at $59.05 on Friday.
- Benzinga Pro’s newsfeed feature notified users of recent developments in BXP shares.
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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