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.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

The Estée Lauder Companies Inc. (NYSE:EL)

• Estee Lauder reported worse-than-expected Q3 adjusted EPS results, issued FY23 adjusted EPS guidance below estimates and said sees FY23 sales down 10-12%. Fabrizio Freda, President and Chief Executive Officer said, "In the context of a quarter which we anticipated to be challenging, we are pleased to have delivered the high-end of our outlook for the third quarter of fiscal 2023." The company's stock has a 52-week low of $186.47 .
• RSI Value: 26.23
• EL Price Action: Shares of Estée Lauder rose 1.3% to close at $203.54 on Friday.

Weis Markets, Inc. (NYSE:WMK)

• Weis Markets reported a rise in Q4 EPS. "We continued our positive momentum in the fourth quarter which contributed to a strong fiscal year 2022," said Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis. The company's stock has a 52-week low of $71.05.
• RSI Value: 28.40
• WMK Price Action: Shares of Weis Markets fell 0.4% to close at $78.84 on Friday.

Sendas Distribuidora S.A. (NYSE:ASAI)

• The company's stock dropped around 23% over the past month. The company's stock has a 52-week low of $10.50.
• RSI Value: 15.53
• ASAI Price Action: Shares of Sendas Distribuidora fell 7.8% to close at $10.61 on Friday.

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