Top 5 Consumer Stocks That Could Lead To Your Biggest Gains In April

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.

Lordstown Motors Corp. RIDE

• Lordstown Motors reported a fourth-quarter FY22 net sales of $0.194 million, missing the consensus of $1.29 million. The company’s stock has a 52-week low of $0.5600 .
• RSI Value: 27.13
• RIDE Price Action: Shares of Lordstown Motors fell 4.3% to close at $0.5844 on Wednesday.

Movado Group, Inc. MOV

• MOV reported a fourth-quarter FY23 sales decline of 5.7% year-on-year to $194.27 million, beating the estimate of $184.40 million. The company’s stock has a 52-week low of $25.46.
• RSI Value: 23.52
• MOV Price Action: Shares of Movado fell 3% to close at $25.50 on Wednesday.

Superior Group of Companies, Inc. SGC

• Superior Group reported worse-than-expected Q4 adjusted EPS results and issued FY23 EPS and sales guidance below analyst estimates. “We generated solid fourth quarter sales results at the high end of our guidance despite the still subdued economic backdrop, generating year-over-year growth in both our Branded Products and Contact Center segments, while the Healthcare Apparel market remained soft,” said Michael Benstock, Chief Executive Officer. The company’s stock has a 52-week low of $7.14.
• RSI Value: 24.72
• SGC Price Action: Shares of Superior Group of Companies dropped 2.9% to close at $7.34 on Wednesday.

JOANN Inc. JOAN

• The company posted upbeat quarterly sales results. JOANN’s President and Chief Executive Officer Wade Miquelon commented, “In fiscal year 2023, we navigated a challenging environment spanning macroeconomic uncertainty, unprecedented inflation, continued supply chain disruption, as well as lapping pandemic fueled growth that positively impacted fiscal year 2022.” The company’s 52-week low is $1.42.
• RSI Value: 29.12
• JOAN Price Action: Shares of JOANN rose 0.7% to close at $1.56 on Wednesday.

National Vision Holdings, Inc. EYE

• National Vision reported worse-than-expected Q4 adjusted EPS and sales results and issued guidance. Reade Fahs, Chief Executive Officer, said, “We ended the year in line with our guidance expectations despite the challenging macroeconomic environment which negatively impacted the optical industry and especially our core value conscious uninsured customer base.” The company has a 52-week low of $17.25.
• RSI Value: 26.17
• EYE Price Action: Shares of National Vision fell 0.1% to close at $18.54 on Wednesday.

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