In trading on Monday, shares of the iShares 10-20 Year Treasury Bond ETF (Symbol: TLH) fell into oversold territory, reaching a low of $104.59 per share. Oversold territory is identified using the Relative Strength Index (RSI), a tool for technical analysis that measures momentum on a scale from zero to 100. When a stock’s RSI drops below 30, it is typically seen as oversold.
For TLH, the RSI currently stands at 29.7, indicating this trend. In contrast, the S&P 500’s RSI is at 66.6, showing a significantly different market momentum.
Bullish investors may interpret TLH’s 29.7 RSI as a signal that intense selling pressures are easing, prompting them to seek possible buying opportunities.
Examining TLH’s one-year performance, the ETF has a low point of $93.08 and a high point of $111.83 over the past 52 weeks. As of the most recent trade, TLH is priced at $104.77, reflecting a decrease of about 0.6% for the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
