MFI Oversold Penny Stocks

Penny stocks (under $5) with Money Flow Index (MFI) below 20. Like RSI but weighted by volume, MFI oversold tells you both price AND volume are signaling exhaustion — a stronger oversold reading than RSI alone.

Our models detected 10 equities meeting the criteria for a MFI oversold signal today, a primary indicator of sustained bullish momentum. At the top of the ranking, Haoxi Health Technology Limited Class A Ordinary Shares (HAO) presents a complex picture — while the MFI oversold signal is confirmed by RSI Oversold, MFI Oversold, the presence of Triple MA Bear and ST Triple Bear suggests the move may lack full conviction. Also noteworthy: Multi Ways Holdings Limited (MWG) showing Triple MA Bear, ST Triple Bear, RSI Oversold, MFI Oversold, 52W Breakdown, Near 52W Low. Review the full ranked list below for additional setups.

Data as of 2026-05-29
#SymbolCompanyPriceRSIRS1M PerfSignals
1HAOHaoxi Health Technology Limited Class A Ordinary Shares$1.05001417-99.2%Triple MA BearST Triple BearRSI Oversold
2MWGMulti Ways Holdings Limited$1.31002722-34.8%Triple MA BearST Triple BearRSI Oversold
3GRANGrande Group Limited Class A Ordinary Shares$1.05004801.5%Triple MA BearST Triple BearSqueeze (Bull Mom)
4BNRGBrenmiller Energy Ltd Ordinary Shares$1.66003817-45.0%Triple MA BearST Triple BearMFI Oversold
5HKPDCellyan Biotechnology Co., Ltd Class A Ordinary Shares$0.52503923-19.2%Triple MA BearMFI Oversold
6LIQTLiqTech International, Inc.$1.10002128-49.5%Triple MA BearST Triple BearRSI Oversold
7NGENNervGen Pharma Corp. Common stock$2.0700220-46.7%Triple MA BearST Triple BearRSI Oversold
8CJMBCallan JMB Inc. Common Stock$0.73003219-22.4%Triple MA BearST Triple BearMFI Oversold
9FOXXFoxx Development Holdings Inc. Common Stock$2.63002023-55.3%Triple MA BearST Triple BearRSI Oversold
10UBXGU-BX Technology Ltd. Class A Ordinary Shares$3.51003117-86.0%Triple MA BearST Triple BearMFI Oversold

MFI vs RSI: What's Different

MFI is the volume-weighted cousin of RSI. RSI(14) only considers price action; MFI(14) factors in volume on each period, treating large-volume up periods as more bullish than small-volume up periods.

The result: MFI oversold (below 20) requires not just price weakness but volume-confirmed selling pressure that has exhausted. That makes MFI oversold a higher-quality signal than RSI oversold for identifying genuine capitulation — the volume confirms sellers are actually heavy, not just dribbling.

Use this scan when you want stricter oversold filtering. For comparison see our RSI oversold scan. For trigger confirmation pair with RSI divergences and OBV accumulation.

Indicators Used in This Scan

Money Flow Index (MFI) is the volume-weighted cousin of RSI: same 0–100 scale, but each period's contribution is weighted by volume. MFI below 20 indicates volume-confirmed oversold conditions — a stricter exhaustion signal than RSI oversold because the seller has actually heavy traded, not just dribbled price lower.

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.