The most oversold stocks in the industrials 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.

Falcon’s Beyond Global Inc (NASDAQ:FBYD)

• On May 14, Falcons Beyond Global posted first-quarter earnings of 5 cents per share. “We are extremely pleased with our continued progress this quarter as we accelerate execution across our core growth initiatives. Our strategic investments and the expansion of infrastructure and platform capabilities continue to reinforce our confidence in our long-term growth trajectory,” said Cecil D. Magpuri, Chief Executive Officer of Falcon’s Beyond. The company’s stock fell around 52% over the past month and has a 52-week low of $3.74.
• RSI Value: 29
• FBYD Price Action: Shares of Falcon’s Beyond Global dipped 5.8% to close at $9.43 on Tuesday.
• Edge Stock Ratings: 79.57 Momentum score with Value at 0.34.

Quhuo Ltd – ADR (NASDAQ:QH)           

• On July 17, Quhuo ended its ADR program and started trading on the Nasdaq. The company’s stock fell around 100% over the past month and has a 52-week low of $2.35.
• RSI Value: 27.8   
• QH Price Action: Shares of Quhuo fell 2.5% to close at $4.30 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in QH stock.

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

• On Aug. 3, Commercial Vehicle reported worse-than-expected second-quarter adjusted EPS results. James Ray, President and Chief Executive Officer, said, “We are encouraged by the strong revenue growth and gross margin expansion we delivered in the second quarter. All three segments generated year-over-year revenue growth, driven by the continued ramp of new business and increased customer demand. North American Class 8 truck production began to improve late in the quarter. We continued to deliver sequential gross margin expansion, reflecting the improvements from our operational efficiency and footprint rationalization initiatives and position CVG to benefit from increased demand.” The company’s stock fell around 13% over the past five days and has a 52-week low of $1.29.
• RSI Value: 27.5
• CVGI Price Action: Shares of Commercial Vehicle fell 15.3% to close at $3.89 on Tuesday.
• Benzinga Pro’s signals feature notified of a potential breakout in CVGI shares.

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