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 stocks strength on days when prices go up to its strength on days when prices go down when compared to a stocks 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   tesla inc increased the discount on all model 3 and model y vehicles delivered in the us in december from 3750 to 7500 the company’s stock has a 52week low of 12226    tsla price action shares of tesla dropped 89 to settle at 12535 on thursday but added 2 in today’s premarket trading session   mizuho recently maintained rivian automotive with a buy and lowered the price target from 58 to 50 the company’s stock has a 52week low of 1893   rivn price action shares of rivian automotive dropped 62 to close at 1973 on thursday and lost 02 in afterhours trading   ford recently raised the price of its f150 lightning truck due to rising material costs market factors and supply chain constraints the company’s stock has a 52week low of 1061   f price action shares of ford motor fell 4 to close at 1131 on thursday and dropped 02 in afterhours trading   lucid group recently announced a successful capital raise of approximately 1515 billion the company’s 52week low is 663   lcid price action shares of lucid group dropped 4 to close at 689 on thursday but added 03 in today’s premarket trading   quantumscape recently announced it shipped its first 24layer prototype lithiummetal battery cells to automotive oems for testing the company has a 52week low of 541   qs price action shares of quantumscape fell 28 to settle at 564 on thursday and added 05 in today’s premarket trading read next tesla mission produce and 3 stocks to watch heading into friday