The most oversold stocks in the consumer discretionary sector offer an opportunity to buy into undervalued companies.

The RSI is a momentum indicator that compares a stock’s strength on rising days to its strength on falling days. Compared to a stock’s price action, it can give traders a better sense of how a stock might perform in the short term. An asset is usually considered oversold when the RSI is below 30.

Here is the latest list of the big oversold players in this sector with an RSI near or below 30.

Tesla, Inc. TSLA

• Tesla, Inc. increased the rebate on all Model 3 and Y vehicles shipped in the US in December from $3,750 to $7,500. The company’s stock has a 52-week low of $122.26 .
• RSI value: 22.65
• TSLA Price Action: Shares of Tesla fell 8.9% on Thursday to $125.35 but gained 2% in today’s premarket session.

Rivian Automotive Inc RIVN

• Mizuho recently bought Rivian Automotive and lowered its price target to $50 from $58. The firms The stock is at a 52-week low from $18.93.
• RSI value: 24.72
• RIVN Price Promotion: Rivian Automotive shares fell 6.2% to close at $19.73 on Thursday, down 0.2% in after-hours trading.

Ford Motor Company f

• Ford recently increased the price of its F-150 Lightning truck due to rising material costs, market factors and supply chain constraints. The company’s stock has a 52 week low of $10.61.
• RSI value: 28.44
• F price action: Ford Motor shares fell 4% to close at $11.31 on Thursday, down 0.2% in after-hours trading.

Lucid Group, Inc. LCID

• The Lucid Group recently announced a successful capital increase of approximately $1.515 billion. The company’s 52-week low is $6.63.
• RSI value: 20.86
• LCID Price Action: Lucid Group shares fell 4% to close at $6.89 on Thursday but were up 0.3% in today’s premarket trading.

QuantumScape Corporation QA

• QuantumScape recently announced that it has shipped its first 24-layer prototype…