Vanguard Global ex-U.S. Real Estate ETF Hits Oversold Levels
Shares Slip to $42.46, Prompting Investor Interest
On Tuesday, trading revealed that shares of the Vanguard Global ex-U.S. Real Estate ETF (Symbol: VNQI) dipped into oversold territory, reaching a low of $42.46. The Relative Strength Index (RSI), a key technical analysis tool, helps identify momentum and signals when a stock may be oversold. An RSI below 30 is generally seen as a warning sign in this context.
Currently, VNQI’s RSI stands at 29.5. By contrast, the S&P 500 is performing at a healthier 67.1. A bullish investor might interpret VNQI’s low reading as a potential end to recent heavy selling, suggesting it could be an opportune time to look for buying opportunities.
Reviewing the past year, VNQI’s lowest price in its 52-week range was $38.62, while its highest point reached $47.63. The last trade for VNQI was recorded at $42.66, indicating a decrease of about 1.5% for the day.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
- EFC Insider Buying
- Institutional Holders of VIIZ
- VTWV Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
