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.

Walgreens Boots Alliance Inc (NASDAQ:WBA)

• On July 1, JP Morgan analyst Lisa Gill maintained Walgreens Boots Alliance with an Overweight and lowered the price target from $30 to $20. The company's stock fell around 27% over the past five days and has a 52-week low of $11.48.
• RSI Value: 19.52
• WBA Price Action: Shares of Walgreens fell 4.3% to close at $11.58 on Monday.
• Benzinga Pro's real-time newsfeed alerted to latest Walgreens news.

Estee Lauder Companies Inc (NYSE:EL)

• On June 14, Barclays analyst Lauren Lieberman maintained Estee Lauder with an Equal-Weight and lowered the price target from $140 to $136. The company's stock fell around 15% over the past month. It has a 52-week low of $102.22.
• RSI Value: 23.96
• EL Price Action: Shares of Estee Lauder fell 1% to close at $105.38 on Monday.
• Benzinga Pro's charting tool helped identify the trend in Estee Lauder's stock.

Kraft Heinz Co (NASDAQ:KHC)

• On June 27, Wells Fargo analyst Chris Carey maintained Kraft Heinz with an Equal-Weight rating and cut the price target from $37 to $34. The company's stock fell around 9% over the past month and has a 52-week low of $30.68.
• RSI Value: 29.03
• KHC Price Action: Shares of Kraft Heinz fell 1.1% to close at $31.86 on Monday.
• Benzinga Pro's signals feature notified of a potential breakout in KHC's shares.

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