iShares Latin America 40 ETF Hits Oversold Levels: Market Analysis
Current Trading Insights
In trading on Friday, shares of the iShares Latin America 40 ETF (Symbol: ILF) dipped into oversold territory, reaching a low of $24.18 per share. The Relative Strength Index (RSI), a technical analysis tool that gauges momentum on a scale ranging from zero to 100, is used here to identify this condition. A stock is typically considered oversold when its RSI drops below 30.
For the iShares Latin America 40, the RSI stands at 27.3. In contrast, the S&P 500’s current RSI is 48.0. This lower RSI reading may suggest that the heavy selling pressure could be waning, potentially offering bullish investors a chance to seek out buying opportunities.
Performance Overview
A glance at the one-year performance chart reveals that the 52-week range for iShares Latin America 40 varies from a low of $22.51 per share to a high of $29.835. The latest trading price of $24.16 positions it nearer the lower end of this range. On the day of trading, iShares Latin America 40 shares are down approximately 1.7%.
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Additional Resources:
- Preferred Stocks By Industry
- Funds Holding DOG
- BLH shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
