Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Month

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.

Opendoor Technologies Inc (NASDAQ:OPEN)

• Opendoor said it will report third quarter financial results following the close of the market on Thursday, Nov. 5. The company’s stock fell around 21% over the past month and has a 52-week low of $1.84.
• RSI Value: 29.2
• OPEN Price Action: Shares of Opendoor dipped 2.5% to close at $1.93 on Monday.

Medical Properties Trust Inc (NYSE:MPT)        

• The company said it will release results for the third quarter before the market opens on Oct. 29. The company’s stock fell around 20% over the past month and has a 52-week low of $2.61.
• RSI Value: 24.6
• MPT Price Action: Shares of Medical Properties Trust gained 3.7% to close at $2.80 on Monday.
• Benzinga Pro’s charting tool helped identify the trend in MPT stock.

Global Net Lease Inc (NYSE:GNL)

• Global Net Lease announced that it will release its financial results for the third quarter on Wednesday, Nov. 4, after the close of trading on the New York Stock Exchange. The company’s stock fell around 16% over the past month and has a 52-week low of $7.05.
• RSI Value: 12
• GNL Price Action: Shares of Global Net Lease fell 0.8% to close at $7.14 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in GNL 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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