Consumer Discretionary Sector Reveals Oversold Stocks Worth Considering

Investors might find worthwhile opportunities in the consumer discretionary sector, as several stocks are currently considered oversold. These companies may offer significant potential for recovery and growth.

The Relative Strength Index (RSI) serves as a momentum indicator that assesses an asset’s strength based on price movements. It compares price increases to decreases, offering traders insights into potential short-term performance. Typically, a stock is deemed oversold when its RSI drops below 30, as noted by Benzinga Pro.

Below is a list of notable oversold stocks in the consumer discretionary sector, with RSI values approaching or below 30.

JAKKS Pacific Inc JAKK

• On March 18, Small Cap Consumer Research analyst Eric Beder reaffirmed a Buy rating for JAKKS Pacific, maintaining a $40 price target. Over the past five days, the stock has dropped approximately 15%, with a 52-week low of $17.06.
• RSI Value: 25.2
• JAKK Price Action: Shares of JAKKS Pacific fell 13.9% to close at $21.36 on Thursday.
• Edge Stock Ratings: 39.60 Momentum score with Value at 94.24.

Haverty Furniture Companies Inc HVT        

• On February 24, Haverty Furniture released its fourth-quarter financial results, exceeding both EPS and revenue expectations. Steven G. Burdette, the President and CEO, stated, “Our team remained disciplined in managing our operations and executing our growth strategies amidst the housing slowdown.” The company successfully opened five new stores in 2024, returning to Houston, TX, after roughly 40 years. Recently, the stock has declined nearly 17% over the past month, with a 52-week low of $17.78.
• RSI Value: 27.1
• HVT Price Action: Shares of Haverty Furniture dipped 13% to close at $17.88 on Thursday.
• Benzinga Pro’s charting tool identified the trend in HVT stocks.

Six Flags Entertainment Corp FUN

• On March 25, Truist Securities analyst Michael Swartz maintained a Buy rating on Six Flags Entertainment but adjusted the price target from $56 to $52. The stock has experienced a decline of about 21% over the past month, with a 52-week low of $31.33.
• RSI Value: 27.7
• FUN Price Action: Shares of Six Flags Entertainment fell 14.4% to close at $31.98 on Thursday.
• Benzinga Pro’s signals feature indicated a potential breakout for FUN shares.

For further insights on other stocks within the sector and their comparative scores, click here to explore BZ Edge Rankings.

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