Most Affordable Stocks In The Consumer Discretionary Sector: Tesla, Ford And More

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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Tesla, Inc. TSLA

• Tesla, Inc increased the discount on all Model 3 and Model Y vehicles delivered in the U.S. in December from $3,750 to $7,500. The company’s stock has a 52-week low of $122.26 .
• RSI Value: 22.65
• TSLA Price Action: Shares of Tesla dropped 8.9% to settle at $125.35 on Thursday, but added 2% in today’s pre-market trading session.

Rivian Automotive Inc RIVN

• Mizuho recently maintained Rivian Automotive with a Buy and lowered the price target from $58 to $50. The company’s stock has a 52-week low of $18.93.
• RSI Value: 24.72
• RIVN Price Action: Shares of Rivian Automotive dropped 6.2% to close at $19.73 on Thursday and lost 0.2% in after-hours trading.

Ford Motor Company F

• Ford recently raised the price of its F-150 Lightning truck due to rising material costs, market factors and supply chain constraints. The company’s stock has a 52-week low of $10.61.
• RSI Value: 28.44
• F Price Action: Shares of Ford Motor fell 4% to close at $11.31 on Thursday and dropped 0.2% in after-hours trading.

Lucid Group, Inc. LCID

• Lucid Group recently announced a successful capital raise of approximately $1.515 billion. The company’s 52-week low is $6.63.
• RSI Value: 20.86
• LCID Price Action: Shares of Lucid Group dropped 4% to close at $6.89 on Thursday, but added 0.3% in today’s pre-market trading.

QuantumScape Corporation QS

• QuantumScape recently announced it shipped its first 24-layer prototype lithium-metal battery cells to automotive OEMs for testing. The company has a 52-week low of $5.41.
• RSI Value: 29.48
• QS Price Action: Shares of QuantumScape fell 2.8% to settle at $5.64 on Thursday, and added 0.5% in today’s pre-market trading.

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