The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued 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 overbought when the RSI is above 70.

Here's the latest list of major overbought players in this sector.

Beyond Meat, Inc. (NASDAQ:BYND)

• Beyond Meat Chief Brand Officer is leaving the company, the Wall Street Journal reported. The company's stock has a 52-week high of $68.06 .
• RSI Value: 70.03
• BYND Price Action: Shares of Beyond Meat gained 11.3% to settle at $16.83 on Monday and lost 0.1% in after-hours trading.

Dole plc (NYSE:DOLE)

• Dole, during November, posted upbeat Q3 earnings. The company's stock has a 52-week high of $15.78.
• RSI Value: 71.73
• DOLE Price Action: Shares of Dole gained 3.9% to close at $10.50 on Monday and added 1.1% in after-hours trading.

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

• B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $137 to $157. The company has a 52-week high of $75.17.
• RSI Value: 71.31
• KOF Price Action: Shares of Coca-Cola FEMSA rose 3.6% to close at $73.38 on Monday and added 0.4% in after-hours trading.

The Estée Lauder Companies Inc. (NYSE:EL)

• Morgan Stanley recently maintained Estee Lauder with an Overweight and raised the price target from $271 to $281. The company's 52-week high is $324.70.
• RSI Value: 72.36
• EL Price Action: Shares of Estée Lauder rose 2.6% to close at $274.49 on Monday.

Compañía Cervecerías Unidas S.A. (NYSE:CCU)

• The company's stock gained 17% over the past month. The company has a 52-week high of $17.21.
• RSI Value: 77.63
• CCU Price Action: Shares of Compañía Cervecerías Unidas rose 2.5% to settle at $15.07 on Monday and lost 3% in after-hours trading.

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