Top 2 Materials Stocks That Are Set To Fly This Quarter - Hongli Group (NASDAQ:HLP), Origin Materials (NASDAQ:ORGN)

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Top 2 Materials Stocks That Are Set To Fly This Quarter - Hongli Group (NASDAQ:HLP), Origin Materials (NASDAQ:ORGN)

The most oversold stocks in the materials 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.

Hongli Group Inc (NASDAQ: HLP )

On Oct. 6, Hongli Group announced compliance with Nasdaq minimum bid price requirement. The company's stock fell around 46% over the past month and has a 52-week low of $0.61. RSI Value: 24.9 HLP Price Action: Shares of Hongli Group fell 5.4% to close at $0.73 on Thursday. Benzinga Pro’s signals feature notified of a potential breakout in HLP shares .

Origin Materials Inc (NASDAQ: ORGN ) 

On Nov. 13, Origin Materials reported quarterly losses of 11 cents per share, versus year-ago losses of 26 cents per share. John Bissell, Origin CEO and Co-Founder said. "Today, we are announcing financing that strengthens our balance sheet and provides access to additional capital that can be staged according to our manufacturing capacity build-out. This financing fuels the scale-up of PET cap production to serve forthcoming volume orders pursuant to customer qualification." The company's stock fell around 52% over the past month and has a 52-week low of $0.19. RSI Value: 27 ORGN Price Action: Shares of Origin Materials fell 6.7% to close at $0.21 on Thursday. Benzinga Pro’s charting tool helped identify the trend in ORGN stock .

BZ Edge Rankings: Find out where other stocks stand— explore the full comparison now .

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HLP Hongli Group Inc $0.7301 -1.97% Overview ORGN Origin Materials Inc $0.2209 5.19% SWKS Skyworks Solutions Inc $61.00 0.56% Market News and Data brought to you by Benzinga APIs

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