The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued 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 overbought when the RSI is above 70.

Here’s the latest list of major overbought players in this sector.

Jupiter Wellness, Inc. (NASDAQ:JUPW)

• Jupiter Wellness reported efficacy results from clinical study for its NoStingz Topical Jellyfish protection sunscreen. The company’s stock has a 52-week high of $1.64. .
• RSI Value: 70.25
• JUPW Price Action: Shares of Jupiter Wellness fell 13.6% to close at $1.02 on Wednesday.

Celsius Holdings, Inc. (NASDAQ:CELH)

• Celsius reported better-than-expected second-quarter financial results. The company’s stock has a 52-week high of $183.68.
• RSI Value: 75.65
• CELH Price Action: Shares of Celsius Holdings fell 2% to close at $179.15 on Wednesday.

Freshpet, Inc. (NASDAQ:FRPT)

Oil-Dri Corporation of America (NYSE:ODC)

Thorne HealthTech, Inc. (NASDAQ:THRN)

• Thorne HealthTech posted upbeat quarterly results. The company has a 52-week high of $7.90.
• RSI Value: 73.80
• THRN Price Action: Shares of Thorne HealthTech rose 1.8% to settle at $7.45 on Tuesday.

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