Within the tumultuous landscape of the consumer staples sector lies an intriguing opportunity for investors – stocks that have been oversold, presenting a chance to dive into undervalued companies.

One way to gauge the potential of such stocks is by looking at the Relative Strength Index (RSI). This momentum indicator measures a stock’s strength on days of price increase against days of price decline, offering traders valuable insights into short-term performance. Generally, when the RSI falls below 30, it indicates that an asset may be oversold, as reported by Benzinga Pro.

Here’s a glimpse into the latest list of majorly oversold players in this sector, boasting an RSI hovering around or below the crucial 30 mark.

An Insight into Farmmi Inc (FAMI)

• Recently, on Aug. 23, Farmmi Inc disclosed a $1 million registered direct offering of 3,433,167 shares. As a result, the stock spiraled down by approximately 61% over the last month, hitting a 52-week low of $0.17.
• RSI Value: 29.98
• FAMI Price Action: Farmmi shares closed at $0.22 on Tuesday, reflecting a 5.1% decline.
• Stay ahead with the latest news on FAMI through Benzinga Pro’s real-time newsfeed.

Uncovering elf Beauty Inc (ELF)

• Just recently, on Sept. 16, Piper Sandler analyst Korinne Wolfmeyer upheld a positive Outlook for e.l.f. Beauty, yet decreased the price target to $162 from $260. As a consequence, the company’s stock took a hit, plunging by roughly 30% over the past month – reaching a 52-week low of $88.47.
• RSI Value: 28.33
• ELF Price Action: elf Beauty’s shares concluded at $112.43 on Tuesday, showing a 0.7% decrease.
• For trends in ELF stock, rely on Benzinga Pro’s charting tool to stay informed.

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