Top 3 Risk Off Stocks That Are Set To Fly In Q2

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.

S&W Seed Co SANW

On Feb. 13, S&W Seed reported worse-than-expected second-quarter financial results. “Over the past few months, we have completed a number of important steps to reposition S&W for future success by exclusively focusing our operations on our core, Americas-based business, led by our high margin Double Team sorghum solutions,” commented S&W’s CEO, Mark Herrmann. The company's stock fell around 43% over the past month and has a 52-week low of $2.11.
RSI Value: 27
SANW Price Action: Shares of S&W Seed fell 3.7% to close at $4.58 on Tuesday.
Edge Stock Ratings: 99.73 Momentum score with Value at 82.82.

Beeline Holdings Inc BLNE

On April 15, Beeline Holdings reported a year-over-year decrease in FY24 revenue results. “Our 2024 performance is a testament to the strength of our model and the speed of our transformation,” said Nick Liuzza, Co-Founder and CEO of Beeline. The company's stock fell around 18% over the past month and has a 52-week low of $0.89.
RSI Value: 22.2
BLNE Price Action: Shares of Beeline Holdings gained 17.1% to close at $1.37 on Tuesday.
Benzinga Pro’s charting tool helped identify the trend in BLNE stock.

22nd Century Group Inc XXII

On April 17, 22nd Century announced notice of pendency and proposed settlement of stockholder derivative actions. The company's stock fell around 56% over the past month and has a 52-week low of $0.70.
RSI Value: 21.5
XXII Price Action: Shares of 22nd Century closed at $0.76 on Tuesday.
Benzinga Pro’s signals feature notified of a potential breakout in XXII shares.