TDTT ETF Enters Oversold Zone: What Investors Should Know
On Tuesday, shares of the TDTT ETF (Symbol: TDTT) were traded as low as $23.66, indicating they have entered oversold territory. This is identified through the Relative Strength Index (RSI), a tool used in technical analysis to gauge market momentum. A stock is deemed oversold when the RSI dips below 30.
For TDTT, the current RSI stands at 27.6, in contrast to the S&P 500’s RSI of 49.6. Investors who are bullish may interpret TDTT’s low RSI as a signal that the recent severe selling pressure is starting to ease, prompting them to look for potential buying opportunities.
Examining the performance over the past year, TDTT’s 52-week low is $22.92 per share, while its high is $24.1281. At the last trade of $23.66, the shares are down approximately 0.1% for the day.
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Additional Information:
- LATG Average Annual Return
- Institutional Holders of DTM
- Funds Holding IMTL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
