The real estate sector is ripe with potential as oversold stocks present an opportunity to invest in undervalued companies.
The Relative Strength Index (RSI) is a key indicator, gauging a stock’s strength on up and down days. A stock is deemed oversold when the RSI is below 30.
Exploring major oversold players in this sector, two stand out:
Evaluating Howard Hughes Holdings Inc. HHH
- On Feb. 27, Howard Hughes Holdings reported strong fourth-quarter earnings, highlighting exceptional performance in its master planned communities.
- RSI Value: 28.84
- Price Movement: Howard Hughes’ shares closed at $71.01 on Friday after a 1.5% decline.
An Insight into Fathom Holdings Inc. FTHM
- On March 14, Fathom Holdings posted disappointing quarterly results but remains optimistic about future growth prospects in the real estate industry.
- RSI Value: 27.16
- Price Movement: Fathom Holdings’ shares closed at $1.92 on Friday with a 0.5% decline.