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.

• On Oct. 30, Grocery Outlet reduced its FY24 adjusted EBITDA guidance. The company's stock fell around 21% over the past month and has a 52-week low of $13.60.
• RSI Value: 20.34                        
• GO Price Action: Shares of Grocery Outlet fell 16.3% to close at $13.90 on Wednesday.
• Benzinga Pro's real-time newsfeed alerted to latest GO news.

• On Oct. 30, the company posted in-line earnings for the third quarter. “We are building on our leadership across household products and delivered another quarter of strong financial performance as a result,” said Lance Mitchell, President and Chief Executive Officer of Reynolds Consumer Products. “RCP’s business model is a competitive advantage and the trajectory of our commercial and financial trends is strong, making now the right time to implement our planned leadership transition.” The company's stock fell around 11% over the past month and has a 52-week low of $25.08.
• RSI Value: 16.82
• REYN Price Action: Shares of Reynolds Consumer Products declined 6.2% to close at $27.69 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in REYN stock.

• On Oct. 22, Evercore ISI Group analyst Greg Melich maintained Dollar Tree with an In-Line and lowered the price target from $105 to $100. The company's stock fell around 10% over the past month and has a 52-week low of $60.82.
• RSI Value: 26.15
• DLTR Price Action: Shares of Dollar Tree fell 1.8% to close at $63.31 on Wednesday.
• Benzinga Pro’s signals feature notified of a potential breakout in DLTR shares.