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.

Standard Motor Products Inc (NYSE:SMP)

  • On Feb. 26, Standard Motor Products reported worse-than-expected fourth-quarter sales results. Mr. Eric Sills, Standard Motor Products’ Chairman and Chief Executive Officer said, “We were very pleased with our results in the period as the strong performance we experienced throughout the year continued. Sales for the quarter were up 12.2%, and up 22.4% for the full year. Excluding the impact of Nissens Automotive, sales for the quarter and year were up 4.3% and 4.0%, respectively. Adjusted diluted earnings per share were up 19.1% for the quarter and 26.8% for the year.” The company's stock fell around 13% over the past month and has a 52-week low of $21.38.
  • RSI Value: 28.7
  • SMP Price Action: Shares of Standard Motor Products fell 1.6% to close at $34.74 on Tuesday.
  • Edge Stock Ratings: 59.03 Momentum score with Value at 72.93.

WW International Inc (NASDAQ:WW)  

  • On March 16, WW International posted upbeat results for the fourth quarter. “Our industry is undergoing a profound transformation driven by GLP-1 medications, and Weight Watchers is evolving alongside it,” said Tara Comonte, CEO of Weight Watchers. “Throughout Q4, we continued expanding our clinical capabilities and building the digital experiences needed to support members in this new era of weight health. Our strategy is rooted in combining access to GLP-1 medications with the behavioral support and community that have defined Weight Watchers for decades.” The company's stock fell around 37% over the past month and has a 52-week low of $13.08.
  • RSI Value: 28.6
  • WW Price Action: Shares of WW gained 4% to close at $13.74 on Tuesday.
  • Benzinga Pro’s charting tool helped identify the trend in NXST stock.

Neo-Concept International Grp Hldngs Ltd (NASDAQ:NCI)

  • On Feb. 11, Neo-Concept International Group announced closing of approximately $8.1 million public offering of Class A ordinary shares. The company's stock fell around 67% over the past five days and has a 52-week low of $0.72.
  • RSI Value: 28.8
  • NCI Price Action: Shares of Neo-Concept International fell 69.6% to close at $1.78 on Tuesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in NCI shares.

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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