Nyse Order Imbalance 83110.0 Shares On Buy Side

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

• 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.

Consumer stocks were mixed premarket Tuesday, with The Consumer Staples Select Sector SPDR Fund 0.1% higher and The Consumer Discretionary Select Sector SPDR Fund down 0.2%.

Trip.com shares were up over 9% after the company reported higher Q2 non-GAAP income and net revenue.

JD.com stock was over 3% higher after the company said its board has approved a new $5 billion share repurchase program.

Gaotu Techedu shares were down more than 10% after the company swung to a Q2 loss of 1.65 renminbi ($0.23) per American depositary share from earnings of 0.21 renminbi a year earlier.

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.

Shares of American Woodmark Corporation fell sharply in today's pre-market trading after reporting downbeat quarterly results.

American Woodmark reported quarterly earnings of $1.89 per share which missed the analyst consensus estimate of $2.40 per share. The company reported quarterly sales of $459.128 million which missed the analyst consensus estimate of $476.596 million.

American Woodmark shares dipped 6.4% to $93.48 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

• CAVA Group, Inc. fell 7.2% to $116.70 in pre-market trading after gaining over 3% on Monday.
• Gaotu Techedu Inc. shares fell 6.4% to $3.82 in pre-market trading following downbeat quarterly earnings.
• Hims & Hers Health, Inc. shares declined 5.3% to $15.20 in pre-market trading after falling 4% on Monday.
• Canopy Growth Corporation shares fell 5.2% to $5.85 in pre-market trading.
• Paramount Global shares fell 5.1% to $10.75 in pre-market trading. This downturn comes on the heels of the end of its "Go Shop" period late Monday.
• Canopy Growth Corporation declined 4.9% to $5.87 in pre-market trading.
• UTime Limited shares dipped 2.4% to $2.05 in pre-market trading after declining around 5% on Monday.

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