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.

Medifast, Inc. (NYSE:MED)

• On April 29, Medifast reported mixed first-quarter financial results. "Fast paced medical innovation is providing greater access to medical weight loss solutions than ever before. We are transforming our OPTAVIA offer to include comprehensive support for consumers who wish to use GLP-1 medical weight loss solutions on their individual journeys to sustainable healthy lifestyles, Chairman & Chief Executive Officer. The company's stock fell around 21% over the past five days and has a 52-week low of $25.92.
• RSI Value: 28.64
• MED Price Action: Shares of Medifast fell 4.3% to close at $26.36 on Wednesday.

Safety Shot, Inc. (NASDAQ:SHOT)

• On April 9, Safety Shot said the Nelk Boys have joined forces with Safety Shot as brand ambassadors. The company's stock fell around 35% over the past month. It has a 52-week low of $0.3050.
• RSI Value: 29.61
• SHOT Price Action: Shares of Safety Shot fell 9.2% to close at $1.39 on Wednesday.

Molson Coors Beverage Company (NYSE:TAP)

• On April 30, Molson Coors Beverage reported first-quarter FY24 sales growth of 10.7% year-on-year to $2.60 billion, beating the analyst consensus estimate of $2.50 billion. "Strong America's volume and favorable net pricing across both business units resulted in double-digit top-line growth while volume leverage and ongoing cost savings drove meaningful margin expansion in the quarter," said CFO Tracey Joubert. The company's shares fell around 11% over the past five days and has a 52-week low of $55.67.
• RSI Value: 22.34
• TAP Price Action: Shares of Molson Coors Beverage fell 0.3% to close at $57.08 on Wednesday.

Australian Oilseeds Holdings Limited (NASDAQ:COOT)

• On April 25, Australian Oilseeds secured contracts with Woolworths and Costco for non-GMO cold-pressed oils. The company's shares lost around 7% over the past five days. The company's 52-week low is $1.14.
• RSI Value: 28.98
• COOT Price Action: Shares of Australian Oilseeds Holdings rose 1.1% to close at $1.3350 on Wednesday.