The most oversold stocks in the consumer discretionary 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.

Leslie's, Inc. (NASDAQ:LESL)

• Leslie's issued preliminary third-quarter 2023 adjusted EPS and sales results below estimates. Mike Egeck, Chief Executive Officer, commented, "Our fiscal third quarter results were well below our expectations as low double digit traffic declines in our Residential and Pro businesses drove negative comps across both discretionary and non-discretionary categories." The company's stock has a 52-week low of $5.28 .
• RSI Value: 20.95
• LESL Price Action: Shares of Leslie's fell 1.1% to close at $5.39 on Friday.

JAKKS Pacific, Inc. (NASDAQ:JAKK)

• Jakks Pacific posted upbeat quarterly results. "We are pleased with our year-to-date performance as we close the first quarter," said Stephen Berman, JAKKS Pacific Inc.'s Chairman and CEO. It has a 52-week low of $13.67.
• RSI Value: 25.74
• JAKK Price Action: Shares of JAKKS Pacific fell 1.7% to close at $17.76 on Friday.

Birks Group Inc. (NYSE:BGI)

• Birks Group said total net sales for fiscal 2023 were $163.0 million, down from $181.3 million in fiscal 2022. Mr. Jean-Christophe Bédos, President and Chief Executive Officer of Birks Group, commented, "During fiscal 2023, we achieved a 2.9% growth in comparable store sales and an increase in our average sales transaction value, as our core business continued to grow despite being confronted with significant economic headwinds including on-going inflationary pressures and a sense of uncertainty that permeated the market." The company's stock has a 52-week low of $4.01.
• RSI Value: 14.62
• BGI Price Action: Shares of Birks Group fell 8.9% to close at $4.25 on Friday.

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP)

• Zapp Electric Vehicles Group said Thodsapol Kaewamorn joined Zapp as Operations Director. Swin Chatsuwan, Founder and Chief Executive Officer of Zapp, commented, "Thodsapol brings a long and proven track record of new product launches and quality assurance from his experience at Adient, Nissan and Summit." The company's 52-week low is $1.47.
• RSI Value: 24.13
• ZAPP Price Action: Shares of Zapp Electric Vehicles fell 9.1% to close at $1.50 on Friday.

EBET, Inc. (NASDAQ:EBET)

• The company's stock declined 30% over the past month. The company has a 52-week low of $0.0850.
• RSI Value: 21.74
• EBET Price Action: Shares of EBET fell 5.7% to close at $0.0910 on Friday.

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