Oversold Penny Stocks

Penny stocks (under $5) with RSI(14) below 30 — the technical definition of oversold. These are setups where price has moved down faster than fundamentals can typically justify, creating asymmetric mean-reversion opportunities.

Our models detected 10 equities meeting the criteria for a RSI oversold signal today, a signal historically associated with trend continuation to the upside. At the top of the ranking, Game Your Game, Inc. Common Stock (GYGY) presents a complex picture — while the RSI oversold signal is confirmed by RSI Oversold, the presence of Triple MA Bear and TTM Squeeze and MFI Overbought suggests the move may lack full conviction. Also noteworthy: Kaixin Holdings Ordinary Shares (KXIN) showing Triple MA Bear, ST Triple Bear, RSI Oversold. Review the full ranked list below for additional setups.

Data as of 2026-08-28 · End-of-day prices
#SymbolCompanyPriceRSIRS1M PerfSignals
1GYGYGame Your Game, Inc. Common Stock$1.180010Triple MA BearTTM SqueezeRSI Oversold
2KXINKaixin Holdings Ordinary Shares$1.50001518-72.0%Triple MA BearHull-EMA BearST Triple Bear
3TWGTop Wealth Group Holding Limited Class A Ordinary Shares$0.54921520-76.9%Triple MA BearST Triple BearRSI Oversold
4MTRMesa Royalty Trust$2.30001624-20.4%Triple MA BearST Triple BearRSI Oversold
5OLOXOlenox Industries Inc. Common Stock$1.3400160-73.8%Triple MA BearST Triple BearRSI Oversold
6IPWiPower, Inc. Common Stock$1.89001718-66.2%Triple MA BearST Triple BearRSI Oversold
7SKYESkye Bioscience, Inc. Common Stock$1.95001719-60.3%Triple MA BearST Triple BearRSI Oversold
8VRXAVeraxa Biotech AG Ordinary Shares$1.4400170-27.3%Triple MA BearSqueeze (Bear Mom)RSI Oversold
9CISSC3is Inc. Common Stock$2.13001818-68.4%Triple MA BearST Triple BearRSI Oversold
10WHLRWheeler Real Estate Investment Trust, Inc$1.12001918-77.2%Triple MA BearST Triple BearRSI Oversold

How to Use Oversold Penny Stocks

RSI(14) below 30 means the average gain over 14 periods is small relative to the average loss — a stock that has fallen fast and hasn't paused. Historically, deeply oversold readings precede 1- to 5-day mean-reversion bounces in most market regimes.

But oversold can stay oversold: a stock in a strong downtrend will hit RSI 25, bounce briefly, fall further, and hit RSI 20. The trade isn't "buy because oversold" — it's "oversold + a reversal trigger." Useful triggers:

  • A hammer, bullish engulfing, or morning-star candle pattern.
  • A positive RSI divergence (see our RSI divergence scan).
  • Break of the down trendline on volume.
  • Volume capitulation (huge volume on the low day, followed by lighter volume).

See also: MFI oversold (volume-weighted), OBV bullish divergence, approaching 52-week lows.

Indicators Used in This Scan

Relative Strength Index (RSI) measures momentum on a 0–100 scale. Readings above 70 are overbought; below 30 are oversold. RSI between 50 and 70 is the bullish trend zone. Bullish RSI divergence (price makes a lower low while RSI makes a higher low) is one of the more reliable reversal signals, historically 80%+ accuracy in published studies.