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.

DDC Enterprise Ltd (NYSE:DDC)

  • On July 1, DDC’s board approved share buyback worth up to $10 million. The company’s stock fell around 41% over the past month and has a 52-week low of $0.54.
  • RSI Value: 27.7
  • DDC Price Action: Shares of DDC Enterprise fell 0.4% to close at $0.65 on Tuesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in DDC shares.

Natural Alternatives International Inc (NASDAQ:NAII)          

  • On May 19, Natural Alternatives Intl posted third-quarter loss of 72 cents per share, versus a year-ago loss of 37 cents per share. The company’s stock fell around 12% over the past month and has a 52-week low of $2.14.
  • RSI Value: 25.4
  • NAII Price Action: Shares of Natural Alternatives closed at $2.21 on Tuesday.
  • Benzinga Pro’s charting tool helped identify the trend in NAII stock.

Edible Garden (NASDAQ:EDBL)

  • On July 14, the company announced the completion of its clean-label ready-to-drink prototype production run at Tetra Pak’s New Product Development Center. The company’s stock fell around 63% over the past month and has a 52-week low of $3.35.
  • RSI Value: 25.6
  • EDBL Price Action: Shares of Edible Garden fell 17.1% to close at $3.48 on Tuesday.
  • Edge Stock Ratings: 0.04 Momentum score.

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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