Tesla among top 10 most oversold stocks on Wall Street

seekingalpha01-30

Shares of Elon Musk’s Tesla (NASDAQ:TSLA) find themselves among the most oversold stocks on Wall Street. The megacap EV maker stock has an oversold relative strength index reading of 18, which is well...

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The megacap EV maker stock has an oversold relative strength index reading of 18, which is well...</p>\n\n<a href=\"https://seekingalpha.com/news/4059613-tesla-is-in-the-top-10-most-oversold-stocks-on-wall-street\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla among top 10 most oversold stocks on Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla among top 10 most oversold stocks on Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 02:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4059613-tesla-is-in-the-top-10-most-oversold-stocks-on-wall-street><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Elon Musk’s Tesla (NASDAQ:TSLA) find themselves among the most oversold stocks on Wall Street. The megacap EV maker stock has an oversold relative strength index reading of 18, which is well...</p>\n\n<a href=\"https://seekingalpha.com/news/4059613-tesla-is-in-the-top-10-most-oversold-stocks-on-wall-street\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765489.SGD","symbol_name":"FTIF - Franklin Mutual US Value A Acc SGD","start_time":0,"source_url":"https://seekingalpha.com/news/4059613-tesla-is-in-the-top-10-most-oversold-stocks-on-wall-street","article_id":"2407813551","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1925747334/image_1925747334.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2407813551","pubTimestamp":1706552149,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Shares of Elon Musk’s Tesla (NASDAQ:TSLA) find themselves among the most oversold stocks on Wall Street. 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The megacap EV maker stock has an oversold relative strength index reading of 18, which is well below the traditional reading of 30 that traditionally indicates if a stock is oversold. See below the top 10 stocks that are listed as the most oversold according to RSI readings. (The list only reflects stocks with a market cap of at least $10B.) Most Oversold Stocks on Wall Street No. 10: Newmont Corporation (NEM): RSI reading of 28. No. 9: ZTO Express (Cayman) Inc. (ZTO): RSI reading of 26. No. 8: Engie SA (OTCPK:ENGIY): RSI reading of 23. No. 7: DuPont de Nemours, Inc. (DD): RSI reading of 23. No. 6: Humana (NYSE:HUM): RSI reading of 22. No. 5: Bunge Global SA (BA): RSI reading of 22. No. 4: Tesla (TSLA): RSI reading of 18. No. 3: Kuaishou Technology (OTCPK:KUASF): RSI reading of 16. No. 2: Archer-Daniels-Midland Company (NYSE:ADM): RSI reading of 16. No. 1: Naspers Limited (OTCPK:NAPRF): RSI reading of 5. Year-to-date price action: NEM -17.3%, ZTO -20.2%, ENGIY -9.9%, DD -15.9%, HUM -21.1%, BG -12.5%,TSLA -26.2%, KUASF -23.1%, ADM -27.9%, NAPRF +0.4%. “The current dip in stock price renders Tesla undervalued, presenting an opportune moment for investment,” The Beginner Investor stated in Ignore The Pessimism: Tesla Is Undervalued, Isn't Likely To Collapse Anytime Soon. “The main problem remains the same: we are talking about a very good company, but it is overvalued. Growth expectations are slowing down dramatically, and this certainly does not please shareholders,” Eugenio Catone indicated in Tesla Q4: 2024 Started Badly And May End Worse. For investors that may have interest in Tesla but would like to access the stock in a more diversified approach, they can look towards exchange traded funds. Listed below are the three ETFs that have the highest portfolio positioning towards Tesla (not including single stock leveraged ETFs).  The Meet Kevin Pricing Power ETF (PP): TSLA weighting at 21.64% Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY): TSLA weighting at 15.61% Consumer Discretionary Select Sector SPDR Fund (VCR): TSLA weighting at 13.57%   More on Markets  Inflation, politics and household finances are top concerns for consumers – Morgan Stanley Oil breaks above technical resistance and has upside room to $85 per barrel - BTIG Taylor Swift might just save us from ourselves, deepfakes Apple still a Sell at Barclays ahead of earnings; iPhone sales weak SPY: Black Swan Hiding In Plain Sight","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2407813551"}