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.

Edible Garden AG Inc (NASDAQ:EDBL)

• On July 28, Edible Garden received favorable decision from Nasdaq Hearings Panel. The company’s stock fell around 72% over the past month and has a 52-week low of $2.30.
• RSI Value: 28.2
• EDBL Price Action: Shares of Edible Garden rose 0.8% to close at $2.45 on Wednesday.
• Benzinga Pro’s newsdesk tool helped identify recent developments in EDBL stock.

Maison Solutions Inc (NASDAQ:MSS)    

• On July 24, Maison Solutions announced that it has signed a definitive agreement to establish Maison AI. “The signing of this definitive agreement represents an important step in Maison Solutions’ transformation into a more technology-enabled company,” said John Xu, Chairman, President and Chief Executive Officer of Maison Solutions. The company’s stock fell around 40% over the past five days and has a 52-week low of $1.55.
• RSI Value: 28.7   
• MSS Price Action: Shares of Maison Solutions gained 3.1% to close at $1.64 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in MSS stock.

AMASS Brands (NASDAQ:AMSS)

• On July 2, Maxim Group analyst Thomas Forte initiated coverage on Amass Brands with a Buy rating and announced a price target of $7. The company’s stock fell around 47% over the past month and has a 52-week low of $0.83.
• RSI Value: 26.2
• AMSS Price Action: Shares of AMASS Brands gained 0.9% to close at $1.08 on Wednesday.
• Benzinga Pro’s signals feature notified of a potential breakout in AMSS 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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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.