YUMC - Top 5 Consumer Stocks That Could Lead To Your Biggest Gains This Month | Benzinga
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.
Chijet Motor Company, Inc. (NASDAQ: CJET)
- On Dec. 4, Chijet said revenues for the six months ended June 30 were $2.6 million, down 73.2% year over year. The company’s stock fell around 39% over the past five days and has a 52-week low of $0.7220 .
- RSI Value: 25.50
- CJET Price Action: Shares of Chijet Motor rose 0.8% to close at $0.8352 on Monday.