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.

Rayonier Advanced Materials Inc (NYSE:RYAM)

• On May 14, Rayonier Advanced Materials' board of directors named Julie A. Dill as non-executive chair. “I am honored to take on the role of Non-Executive Chair and appreciate the Board’s confidence,” said Ms. Dill. “RYAM has a compelling strategy and a strong leadership team, and I look forward to working with my fellow directors and the management team to support the Company’s continued progress and long-term value creation.” The company's stock fell around 11% over the past five days and has a 52-week low of $3.35.
• RSI Value: 29.9
• RYAM Price Action: Shares of Rayonier Advanced Materials fell 5.3% to close at $8.10 on Friday.
• Edge Stock Ratings: 88.44 Momentum score.

Intrepid Potash Inc (NYSE:IPI)   

• On June 3, Intrepid Potash increased its common stock repurchase plan from $35 million to $50 million. The company's stock fell around 11% over the past five days and has a 52-week low of $22.55.
• RSI Value: 29.9
• IPI Price Action: Shares of Intrepid Potash fell 6% to close at $34.96 on Friday.
• Benzinga Pro’s charting tool helped identify the trend in IPI stock.

Ball Corp (NYSE:BALL)

• On May 18, JP Morgan analyst Jeffrey Zekauskas upgraded Ball from Neutral to Overweight and maintained the price target of $60. The company's stock fell around 10% over the past month and has a 52-week low of $44.83.
• RSI Value: 29.2
• BALL Price Action: Shares of Ball gained 0.4% to close at $52.92 on Friday.
• Benzinga Pro’s signals feature notified of a potential breakout in BALL 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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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.