Top 4 Risk Off Stocks That Are Preparing To Pump 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.

Vital Farms, Inc. VITL

• Vital Farms reported in-line Q4 earnings. “2022 was another great year for Vital Farms’ financial results. We had a strong close to the year in Q4, achieving our highest net revenue in a single quarter driven by continued robust demand for our products,” said Russell Diez-Canseco, Vital Farms’ President and CEO. The company’s stock has a 52-week low of $7.89 .
• RSI Value: 27.52
• VITL Price Action: Shares of Vital Farms fell 0.2% to close at $12.92 on Thursday.

Mangoceuticals, Inc. MGRX

• Mangoceuticals, last month, announced the closing of its initial public offering of 1,250,000 shares of common stock at a public offering price of $4.00 per share. The company’s stock has a 52-week low of $0.86.
• RSI Value: 15.96
• MGRX Price Action: Shares of Mangoceuticals fell 0.6% to close at $0.9346 on Thursday.

Farmer Bros. Co. FARM

• Farmer Bros posted a wider-than-expected Q2 loss. Deverl Maserang, Chief Executive Officer, said, “We made solid progress in the quarter, delivering continued double-digit sales growth and a slight increase in our gross margin. We also saw improved Adjusted EBITDA as we held operating costs in check despite the inflationary environment.” The company’s stock has a 52-week low of $3.03.
• RSI Value: 27.21
• FARM Price Action: Shares of Farmer Bros. rose 2.9% to close at $3.21 on Thursday.

China Jo-Jo Drugstores, Inc. CJJD

• China Jo-Jo Drugstores announced the termination of its previously proposed registered direct offering. The company’s 52-week low is $0.61.
• RSI Value: 29.44
• CJJD Price Action: Shares of China Jo-Jo Drugstores fell 10% to close at $0.9989 on Thursday.

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