Three Consumer Staples Stocks Could Fall in August, RSI Overbought Warning

As of August 24, 2026, three stocks in the consumer staples sector may be sending real warnings to investors who rely on momentum as a key decision-making metric.

The Relative Strength Index is a momentum indicator that compares the magnitude of a stock's recent gains to the magnitude of its recent losses. Compared with price action alone, it gives traders a better read on short-term performance. When the RSI moves above 70, an asset is generally considered overbought.

Here is the latest list of the sector's most overbought stocks.

Target Corp

On August 19, Target reported better-than-expected second-quarter results and raised its FY26 earnings per share and sales guidance above expectations. Target CEO Michael Fiddelke said: "Our second-quarter results reflect the encouraging momentum we saw in the first quarter, which gives us increasing confidence that our strategy is resonating with consumers and strengthening our leadership in style, design, and value." The stock has risen about 21% over the past month, with a 52-week high of $165.48.

RSI: 80.4

TGT price action: Target shares rose 4.5% on Friday to close at $165.44.

Edge stock rating: Momentum score 92.70, value score 77.77.

Estee Lauder Companies Inc

On August 19, Estee Lauder reported better-than-expected fourth-quarter results and issued FY27 sales guidance with a midpoint above expectations. President and CEO Stéphane de La Faverie said: "I am proud of our team for delivering fiscal 2026 results that exceeded our initial expectations. We have reignited our growth momentum through 3% organic sales growth, driven by broad-based gains across our brands, while achieving significant operating margin expansion." The stock has risen about 27% over the past month, with a 52-week high of $121.64.

RSI: 78.3

EL price action: Estee Lauder shares surged 6% on Friday to close at $101.94.

Conagra Brands Inc

On August 4, Conagra Brands appointed Amy Held as Executive Vice President and Chief Administrative Officer. The stock has risen about 11% over the past month, with a 52-week high of $20.32.

RSI: 71.4

CAG price action: Conagra shares rose 1% on Friday to close at $16.43.

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