The most oversold stocks in the consumer staples 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.

Steakholder Foods Ltd. (NASDAQ:STKH)

• Steakholder Foods recently revealed receipt of Nasdaq minimum bid price notification. The company's stock has a 52-week low of $0.5570 .
• RSI Value: 28.15
• STKH Price Action: Shares of Steakholder Foods gained 1.4% to close at $0.5988 on Monday.

The Real Good Food Company, Inc. (NASDAQ:RGF)

• The Real Good Food Company reported third-quarter FY23 sales growth of 48% year-on-year to $55.565 million, beating the consensus of $55.436 million. "The third quarter was highlighted by significant acceleration in top-line growth and margin expansion," said Bryan Freeman, Executive Chairman. "Although we had some operational challenges in the quarter that led to us under-shipping demand, I am encouraged by the strength of our brand as evidenced by the growth in our household penetration and consumption." It has a 52-week low of $1.44.
• RSI Value: 29.68
• RGF Price Action: Shares of Real Good Food gained 0.6% to close at $1.80 on Monday.

Albertsons Companies, Inc. (NYSE:ACI)

• Albertsons Companies reported second-quarter FY23 sales growth of 2% year-on-year to $18.29 billion. "As we look ahead to the balance of the year, our focus remains the same – advancing operational excellence in our stores, driving growth in our digital and pharmacy operations, and deepening our relationships with our customers," said CEO Vivek Sankaran. The company's stock has a 52-week low of $19.14.
• RSI Value: 27.46
• ACI Price Action: Shares of Albertsons Companies fell 0.2% to close at $21.14 on Monday.

22nd Century Group, Inc. (NASDAQ:XXII)

• 22nd Century Group posted downbeat quarterly sales. "In the third quarter, our VLN footprint expanded from approximately 1,100 stores in 14 states as of June 30, 2023, to over 4,550 stores spanning 19 states. This includes the recent expansion of more than 400 stores in Florida with a leading national convenience store chain that has prior experience in VLN sales across other states," said John Miller, Interim Chief Executive Officer of 22nd Century Group. The company's 52-week low is $0.3521.
• RSI Value: 28.71
• XXII Price Action: Shares of 22nd Century Group fell 7.8% to close at $0.3771 on Monday.

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