By IndiaHub 
Stocks that investors dumped this week could make a comeback, according to one popular metric. All three of the major averages dropped more than 2% this week. On Friday, the S & P 500 posted a fourth consecutive losing session and the Dow Jones Industrial Average lost more than 250 points after President Donald Trump called for a 50% duty on the European Union and threatened 25% tariffs on Apple for iPhones that are made outside the U.S. Although volatility remains in the market, one widely used technical analysis metric indicates that certain stocks look oversold after this week’s losses and could be due for a near-term bounce. Using the CNBC Pro stock screener tool , we identified the most oversold and overbought stocks this week by their 14-day relative strength index. A result below 30 suggests a stock could be oversold and see gains ahead, while an RSI above 70 indicates that a stock is overbought and could trade lower. Take a look at the oversold names below: A handful of consumer packaged goods giants are now considered oversold. Kraft Heinz , the maker of Heinz ketchup and Kraft macaroni and cheese, made the list with an RSI of 29.7. The stock lost 5% this week, bringing its year-to-date losses to 14%. Still, analysts have a consensus hold rating and a price target that suggests 16% upside ahead. Earlier this month, Reuters reported that Kraft is spending $3 billion to upgrade its U.S. factories , its largest investment in its plants in a decade, in order to defend its market share. The news came even as the company has cut its sales and profit forecasts. Conagra Brands and Campbell’s are also considered oversold with an RSI of 29.3 and 29.6, respectively. Conagra dropped more than 2% this week, while Campbell’s slid 5.7%. Analysts’ price targets call for more than 20% upside for both stocks. In early May, Conagra announced an agreement with Hometown Food Company to divest its Chef Boyardee product line for $600 million in cash. Other oversold stocks include Carmax and UnitedHealth , which was was the most oversold stock last week. UnitedHealth’s RSI of roughly 22 this week is a step up from its reading of 14.9 last week, but the stock remains under pressure and is down more than 41% year to date. Here are this week’s overbought stocks: GE Vernova is the most overbought of the group with an RSI of 81.6. Shares of the energy equipment manufacturing company jumped 8.5% this week. It has surged 41% this year. CNBC’s Jim Cramer said this week that GE Vernova is “at the heart of every major power trend there is,” except for solar, and that the company could stand to benefit from hyperscalers’ power-hungry artificial intelligence tech developments. Big Tech data centers could eventually be powered by GE Vernova’s natural gas turbines, Cramer said. To be sure, analysts covering the stock think GE Vernova appears overvalued, and could see a decline of 11% from current levels. Other overbought stocks this week are Intuit , NRG Energy and GE Aerospace . Tax software giant Intuit, which has an RSI of more than 77, saw its stock pop 8% on Friday after the company posted strong quarterly results and guidance. Intuit posted a weekly gain of 7.4%, and it’s up more than 14% in 2025.