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If you are interested in the tech sector, you may find this list very interesting.

We created a stock screen by screening the tech sector for stocks that are technically oversold, with RSI(14) below 40. We then screened for stocks that are also under $5.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We even created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks should be trading higher? Use this list as a starting-off point for your own analysis.

List sorted by market cap.

1. United Microelectronics Corporation (NYSE:UMC): Semiconductor Equipment & Materials Industry. Market cap of $6.23B. RSI(14) at 36.83. Last price at $2.40. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 3.25%, current ratio at 1.97, and quick ratio at 1.67. It's been a rough couple of days for the stock, losing 5.14% over the last week.

2. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $3.23B. RSI(14) at 29.20. Last price at $3.26. The stock is a short squeeze candidate, with a short float at 28.81% (equivalent to 9.25 days of average volume). The stock is currently stuck in a downtrend, trading 13.62% below its SMA20, 21% below its SMA50, and 40.65% below its SMA200. It's been a rough couple of days for the stock, losing 14.21% over the last week.

3. Brazilian Telecommunications Corp. (NYSE:TBH): Diversified Communication Services Industry. Market cap of $2.56B. RSI(14) at 29.27. Last price at $4.60. This is a risky stock that is significantly more volatile than the overall market (beta = 2.09). It's been a rough couple of days for the stock, losing 6.65% over the last week.

4. Tellabs Inc. (NASDAQ:TLAB): Communication Equipment Industry. Market cap of $1.50B. RSI(14) at 37.68. Last price at $4.12. The stock is currently stuck in a downtrend, trading 5.47% below its SMA20, 6.84% below its SMA50, and 27.74% below its SMA200. It's been a rough couple of days for the stock, losing 7.42% over the last week.

5. JA Solar Holdings Co., Ltd. (NASDAQ:JASO): Semiconductor Industry. Market cap of $785.74M. RSI(14) at 34.31. Last price at $4.59. This is a risky stock that is significantly more volatile than the overall market (beta = 2.96). The stock is currently stuck in a downtrend, trading 12.04% below its SMA20, 16.95% below its SMA50, and 34.25% below its SMA200. It's been a rough couple of days for the stock, losing 6.42% over the last week.

6. ReneSola Ltd. (NYSE:SOL): Semiconductor Circuits Industry. Market cap of $389.96M. RSI(14) at 31.47. Last price at $4.49. This is a risky stock that is significantly more volatile than the overall market (beta = 2.94). The stock is currently stuck in a downtrend, trading 8.45% below its SMA20, 27.81% below its SMA50, and 51.72% below its SMA200. It's been a rough couple of days for the stock, losing 5.87% over the last week.

7. Powerwave Technologies Inc. (NASDAQ:PWAV): Communication Equipment Industry. Market cap of $373.87M. RSI(14) at 27.74. Last price at $2.21. This is a risky stock that is significantly more volatile than the overall market (beta = 2.89). The stock is currently stuck in a downtrend, trading 20.27% below its SMA20, 33.55% below its SMA50, and 30.32% below its SMA200. It's been a rough couple of days for the stock, losing 22.46% over the last week.

*All data sourced from Finviz.

Source: 7 Oversold Tech Stocks Under $5