Is It Time to Buy Viasat Inc? A Look at Its Oversold Status
Legendary investor Warren Buffett famously advises to be fearful when others are greedy and to be greedy when others are fearful. One method to gauge the level of fear surrounding a stock is through the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. An RSI reading below 30 indicates that a stock may be oversold.
Viasat Inc Hits Oversold Zone
In trading on Thursday, Viasat Inc (Symbol: VSAT) dropped into oversold territory, recording an RSI of 26.2 after trading as low as $9.525 per share. In comparison, the current RSI for the S&P 500 ETF (SPY) stands at 44.0. For bullish investors, Viasat’s RSI of 26.2 might suggest that recent heavy selling is slowing down, presenting potential buying opportunities. The chart below illustrates the one-year performance of VSAT shares:
Range and Recent Trading Prices
According to the chart, the lowest point for VSAT in the past 52 weeks is $9.525, while the highest point is $29.11. Currently, the stock last traded at $9.60, indicating it remains near the lower end of its yearly range.
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Additional Insights:
- Stocks with Recent Secondaries That Hedge Funds Are Selling
- ORCL Average Annual Return
- LNN Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
