Top 3 Risk Off Stocks That May Explode This Month

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.

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

Bit Brother Limited BTB

• Bit Brother recently signed an LOI with Blockworx1 LLC for the potential sale of assets and services for total purchase price of $1.2 million. The company’s stock has a 52-week low of $0.80 .
• RSI Value: 28.15
• BTB Price Action: Shares of Bit Brother fell 1.2% to close at $0.8299 on Thursday.

AgriFORCE Growing Systems Ltd. AGRI

• The company recently said it has decided not to move forward with previously announced Stronghold agreement. The company’s stock has a 52-week low of $0.6010.
• RSI Value: 29.45
• AGRI Price Action: Shares of AgriFORCE Growing Systems gained 5.6% to close at $0.66 on Thursday.

Benson Hill, Inc. BHIL

• Benson Hill recently it expects FY23 revenue of $390 million to $430 million. "2022 was an exceptional year for Benson Hill, and we expect 2023 to bring continued proprietary revenue growth and gross margin expansion led by our soy ingredient products," said Matt Crisp, Chief Executive Officer of Benson Hill. The company’s stock has a 52-week low of $0.9010.
• RSI Value: 24.66
• BHIL Price Action: Shares of Benson Hill gained 7% to close at $1.01 on Thursday.

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