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.
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI)
On Dec. 20, AgriFORCE Growing Systems filed for an offering of up to 8.72 million shares of common stock by the selling stockholders. The company’s stock fell around 42% over the past month and has a 52-week low of $0.37 .
RSI Value: 29.12
AGRI Price Action: Shares of AgriFORCE Growing Systems ...
Related tickers: MSS, YI, AGRI, WBUY.
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