Top 3 Consumer Stocks That Could Lead To Your Biggest Gains In Q3

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.

Birks Group Inc. BGI

• For the year ended March 25, 2023, Birks Group delivered year-over-year comparable store sales growth of 2.9%. Mr. Jean-Christophe Bédos, President and Chief Executive Officer of Birks Group, commented, “During fiscal 2023, we achieved a 2.9% growth in comparable store sales and an increase in our average sales transaction value, as our core business continued to grow despite being confronted with significant economic headwinds including on-going inflationary pressures and a sense of uncertainty that permeated the market.” The company’s stock has a 52-week low of $4.79 .
• RSI Value: 23.56
• BGI Price Action: Shares of Birks Group fell 0.1% to close at $5.11 on Wednesday.

Greenlane Holdings, Inc. GNLN

• Greenlane Holdings recently announced a $4 million public offering. It has a 52-week low of $0.85.
• RSI Value: 12.23
• GNLN Price Action: Shares of Greenlane Holdings rose 2.6% to close at $1.00 on Wednesday.

EBET, Inc. EBET

• On June 20, CP BF Lending provided Ebet Inc with limited waiver of some minimum liquidity, other financial & other covenants until June 30, 2023. The company’s stock has a 52-week low of $0.1150.
• RSI Value: 24.22
• EBET Price Action: Shares of EBET fell 2.4% to close at $0.1239 on Wednesday.

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