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.

Patrick Industries Inc (NASDAQ:PATK)

  • On April 9, Keybanc analyst Noah Zatzkin maintained Patrick Industries with an Overweight rating and lowered the price target from $155 to $140. The company’s stock fell around 17% over the past five days and has a 52-week low of $75.27.
  • RSI Value: 24.5
  • PATK Price Action: Shares of Patrick Industries dipped 10.9% to close at $99.26 on Wednesday.
  • Edge Stock Ratings: 34.36 Momentum score with Value at 33.76.

Aptiv PLC (NYSE:APTV

  • On April 15, TD Cowen analyst Itay Michaeli maintained Aptiv with a Buy and lowered the price target from $93 to $90. The company’s stock fell around 3% over the past five days and has a 52-week low of $41.42.
  • RSI Value: 29
  • APTV Price Action: Shares of Aptiv fell 1% to close at $58.46 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in APTV stock.

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

  • On Feb. 11, Neo-Concept International Group announced the closing of approximately $8.1 million public offering of Class A ordinary shares. The company’s stock fell around 90% over the past month and has a 52-week low of $0.32.
  • RSI Value: 29.9
  • NCI Price Action: Shares of Neo-Concept International gained 28.2% to close at $0.65 on Wednesday.
  • 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.

Photo via Shutterstock