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, according to Benzinga Pro.

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

Light & Wonder Inc (NASDAQ:LNW)

• On Sept. 25, Macquarie analyst Chad Beynon maintained Light & Wonder with an Outperform and lowered the price target from $122 to $117. The company's stock fell around 19% over the past month and has a 52-week low of $67.71.
• RSI Value: 26.57
• LNW Price Action: Shares of Light & Wonder fell 0.2% to close at $87.74 on Wednesday.
• Benzinga Pro's real-time newsfeed alerted to latest LNW news.

Makemytrip Ltd (NASDAQ:MMYT)

• On Aug. 27, B of A Securities analyst Sachin Salgaonkar maintained MakeMyTrip with a Buy and raised the price target from $100 to $112.. The company's stock fell around 18% over the past five days. It has a 52-week low of $36.81.
• RSI Value: 29.31
• MMYT Price Action: Shares of Makemytrip fell 5.2% to close at $86.91 on Wednesday.
• Benzinga Pro's charting tool helped identify the trend in MMYT stock.

Advance Auto Parts, Inc. (NYSE:AAP)

• On Sept. 12, Mizuho analyst David Bellinger maintained Advance Auto Parts with a Neutral and lowered the price target from $45 to $38. The company's shares fell around 15% over the past month and has a 52-week low of $37.08.
• RSI Value: 27.47
• AAP Price Action: Shares of Advance Auto Parts fell 1.6% to close at $37.17 on Wednesday.
• Benzinga Pro's signals feature notified of a potential breakout in AAP shares.

• Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields