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, according to Benzinga Pro.

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

TAL Education Group (NYSE:TAL)

• On Aug. 1, TAL Education posted upbeat quarterly results. "In this quarter, our core focus remains on delivering quality products and managing our online and offline operational efficiency to serve learners effectively," said Alex Peng, TAL's President and Chief Financial Officer. The company's stock fell around 18% over the past month and has a 52-week low of $6.81.
• RSI Value: 29.74
• TAL Price Action: Shares of TAL Education fell 0.1% to close at $7.42 on Monday.
• Benzinga Pro's real-time newsfeed alerted to latest TAL news.

Gaotu Techedu Inc (NYSE:GOTU)

• On Aug. 27, Gaotu Techedu posted a wider-than-expected quarterly loss. Larry Xiangdong Chen, the Company's founder, Chairman and CEO, commented, "We achieved encouraging results in the second quarter, with net revenues increasing 43.6% year-over-year to RMB1.0 billion, reflecting strong accelerating growth momentum. As of June 30, 2024, our deferred revenue reached RMB1.6 billion, representing a 71.5% increase from the same point in time last year, ensuring robust support for our continued growth in the second half of the year." The company's stock fell around 39% over the past month. It has a 52-week low of $2.22.
• RSI Value: 27.21
• GOTU Price Action: Shares of Gaotu Techedu fell 0.7% to close at $2.67 on Monday.
• Benzinga Pro's charting tool helped identify the trend in GOTU stock.

Gogoro Inc (NASDAQ:GGR)

• On Aug. 27, Gogoro and Nebula Energy announced the commercial availability of its battery swapping and Smartscooters in the Kathmandu Valley. The company's shares fell around 36% over the past month and has a 52-week low of $0.84.
• RSI Value: 21.96
• GGR Price Action: Shares of Gogoro fell 14.1% to close at $0.86 on Monday.
• Benzinga Pro's signals feature notified of a potential breakout in GGR shares.

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