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.
Hilton Hotels Corporation (NYSE:HLT)
- Hilton said it will report second quarter financial results before the opening bell on Tuesday, July 28. The company’s stock fell around 5% over the past five days and has a 52-week low of $253.54.
- RSI Value: 29.4
- HLT Price Action: Shares of Hilton Hotels fell 3.9% to close at $322.45 on Monday.
- Edge Stock Ratings: 50.20 Momentum score with Value at 15.73.
Kodiak AI Inc (NASDAQ:KDK)
- On June 15, Craig-Hallum initiated coverage on Kodiak AI with a Buy rating and announced a price target of $12. The company’s stock fell around 23% over the past month and has a 52-week low of $4.42.
- RSI Value: 27.8
- KDK Price Action: Shares of Kodiak fell 4.1% to close at $4.66 on Monday.
- Benzinga Pro’s charting tool helped identify the trend in KDK stock.
Solid Power, Inc (NASDAQ:SLDP)
- On July 1, Solid Power announced the appointment of Uwe Breitweg, Vice President Powertrain, Emission and Battery Strategy of the BMW Group, to its board of directors. The company’s stock fell around 21% over the past month and has a 52-week low of $2.21.
- RSI Value: 26.9
- SLDP Price Action: Shares of Solid Power fell 3.9% to close at $2.23 on Monday.
- Benzinga Pro’s signals feature notified of a potential breakout in SLDP 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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