The most oversold stocks in the consumer staples 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.
Ispire Technology Inc. (NASDAQ:ISPR)
- On March 22, Ispire Technology announced the pricing of its public offering of 2.05 million shares of common stock at $6.00 per share. The company’s stock fell around 34% over the past five days and has a 52-week low of $5.53 .
- RSI Value: 26.50
- ISPR Price Action: Shares of Ispire Technology gained 3.4% to close at $6.13 on Wednesday.
The Real Good Food Company, Inc. (NASDAQ:RGF)
- On March 18, The Real Good Food Company named Tim Zimmer as Chief Executive Officer. B. Riley Securities analyst Jeff Van Sinderen downgraded The Real Good Food from Buy to Neutral and lowered the price target from $6 to $0.5, on March 20. The company’s stock fell around 69% over the past month. It has a 52-week low of $0.3010.
- RSI Value: 18.68
- RGF Price Action: Shares of Real Good Food Company rose 2% to close at $0.3749 on Wednesday.
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