Top 3 Consumer Stocks That May Explode This Month

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, according to Benzinga Pro.

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

Lotus Technology Inc – ADR LOT

• On Sept. 24, Lotus Tech unveiled breakthrough in intelligent driving services, setting new standards in luxury automotive technology. The company's stock fell around 14% over the past month and has a 52-week low of $4.27.
• RSI Value: 27.96
• LOT Price Action: Shares of Lotus Technology fell 0.8% to trade at $4.32 on Wednesday.
• Benzinga Pro's real-time newsfeed alerted to latest LOT news.

Stride Inc LRN     

• On Oct. 16, Fuzzy Panda Research issued a report titled; “Stride Inc (LRN) – The Last Covid Over Earner – Hiding That Est >25% of EBITDA Came from Covid Funds.” The company's stock fell around 20% over the past month. It has a 52-week low of $43.77.
• RSI Value: 17.43
• LRN Price Action: Shares of Stride fell 6.6% to trade at $65.94 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in LRN stock.

Digital Brands Group Inc DBGI

• On Oct 2, Digital Brands Group received a notice of delisting of failure to satisfy a continued listing rule or standard from the Nasdaq. The company's shares fell around 59% over the past month and has a 52-week low of $0.14.
• RSI Value: 28.93
• DBGI Price Action: Shares of Digital Brands fell 10.9% to close at $0.20 on Wednesday.
• Benzinga Pro’s signals feature notified of a potential breakout in DBGI shares.

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