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.
Beyond Meat Inc (NASDAQ:BYND)
On Nov. 6, Beyond Meat revised its FY24 revenue guidance and announced it filed to sell common stock for up to $20 million. The company's stock fell around 26% over the past month and has a 52-week low of $3.86.
RSI Value: 23.53
BYND Price Action: Shares of Beyond Meat fell 2.6% to close at $3.91 on Thursday.
Benzinga Pro's real-time newsfeed alerted to latest BYND news.
Benson Hill Inc (NASDAQ:BHIL)
On Nov. 12, Benson Hill posted third-quarter GAAP loss of $4.14 per share, compared to market estimates of a loss of $3.11 per share. The company's stock fell around 66% over the past month and has a 52-week low of $2.20.
RSI Value: 17.69
BHIL Price Action: Shares of Benson Hill fell 9.8% to close at $2.21 on Thursday.
Benzinga Pro's charting tool helped identify the trend in BHIL stock.
Sow Good Inc (NASDAQ:SOWG)
On Nov. 14, Sow Good reported worse-than-expected third-quarter financial results. "We are pleased to announce that our sixth freeze dryer is operational and that we were able to resume shipments in October following a third quarter pause due to quality concerns amid extreme summer heat," said Claudia Goldfarb, CEO of Sow Good. The company's stock fell around 72% over the past month and has a 52-week low of $2.66.
RSI Value: 16.02
SOWG Price Action: Shares of Sow Good fell 3.9% to close at $2.70 on Thursday.
Benzinga Pro's signals feature notified of a potential breakout in SOWG shares.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
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