The most oversold stocks in the consumer discretionary 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.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Tupperware Brands Corporation (NYSE:TUP)

• Tupperware is working with turnaround advisors ahead of possible bankruptcy, according to the Wall Street Journal report. The company's stock has a 52-week low of $1.21 .
• RSI Value: 29.19
• TUP Price Action: Shares of Tupperware Brands fell 5% to close at $1.33 on Wednesday.

Motorcar Parts of America, Inc. (NASDAQ:MPAA)

• Motorcar Parts of America posted weaker-than-expected Q3 earnings. "We remain focused on achieving our near- and long-term financial targets by continuing to improve operating efficiencies," said Selwyn Joffe, chairman, president, and chief executive officer. The company's stock has a 52-week low of $4.50.
• RSI Value: 23.21
• MPAA Price Action: Shares of Motorcar Parts of America fell 4.3% to close at $4.65 on Wednesday.

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX)

• Foresight reported a GAAP net loss of $3.8 million for the fourth quarter, versus a GAAP net loss of $3.7 million for the year-ago quarter. "Foresight gained significant momentum during the fourth quarter of 2022 with the announcement of our commercial agreement with SUNWAY-AI, a leading Chinese manufacturer of components for autonomous and unmanned intelligent vehicles," said Haim Siboni, CEO of Foresight. The company's stock has a 52-week low of $0.3020.
• RSI Value: 26.03
• FRSX Price Action: Shares of Foresight Autonomous rose 8.4% to close at $0.34 on Wednesday.

Fisker Inc. (NYSE:FSR)

• Fisker reported full-year 2022 total spending of $702 million. "This year we have continued to refine our vehicles, with a particular focus on software, as we prepare for deliveries," stated Henrik Fisker, Chairman and Chief Executive Officer of Fisker. The company's 52-week low is $4.55.
• RSI Value: 27.87
• FSR Price Action: Shares of Fisker fell 1.9% to close at $4.71 on Wednesday.

ContextLogic Inc. (NASDAQ:WISH)

• ContextLogic announced a 1-for-30 reverse stock split. The company has a 52-week low of $6.86.
• RSI Value: 28.51
• WISH Price Action: Shares of ContextLogic gained 0.7% to close at $7.28 on Wednesday.

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