Dimensional Global Real Estate ETF Hits Oversold Levels: What Investors Should Know
On Tuesday, shares of the Dimensional Global Real Estate ETF (Symbol: DFGR) dropped to $26.22, reaching oversold territory. This is determined through the Relative Strength Index (RSI), a tool used in technical analysis to assess stock momentum on a scale from 0 to 100. An RSI reading below 30 signifies that a stock is oversold.
For DFGR, the current RSI stands at 28.8, while the S&P 500 boasts a higher RSI of 61.9. This situation may attract bullish investors, who could interpret the low RSI as a potential end to the aggressive selling, suggesting now could be a favorable time to consider buying.
Examining the ETF’s performance over the past year (illustrated in the chart below), the 52-week low for DFGR is $23.365, and the high is $29.3899. As of the latest trading session, shares are priced at $26.41, reflecting a decline of approximately 1.9% for the day.
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Further Reading:
- Top Stocks Held By Larry Robbins
- WEBS Videos
- CHIB Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
