RSI - Top 5 Risk Off Stocks That Could Lead To Your Biggest Gains In Q1 | Benzinga
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.
The Vita Coco Company, Inc. (NASDAQ: COCO)
- On Jan. 31, Goldman Sachs analyst Bonnie Herzog maintained Vita Coco with a Buy and lowered the price target from $32 to $28. The company’s stock fell around 21% over the past month and has a 52-week low of $13.40 .
- RSI Value: 25.44
- COCO Price Action: Shares of Vita Coco fell 1.7% to close at $19.61 on Monday.
MGP Ingredients, Inc. (NASDAQ: MGPI)
- On Jan. ...