Shares of the Avantis U.S. Large Cap Value ETF (Symbol: AVLV) fell to $66.40 on Monday, entering oversold territory as defined by the Relative Strength Index (RSI). An RSI reading below 30 signals oversold conditions, suggesting potential market recovery.
The Avantis U.S. Large Cap Value ETF’s RSI stands at 29.9, indicating recent selling pressure may be winding down. For comparison, the S&P 500 currently has an RSI of 42.9.
Investors might interpret the 29.9 reading as a possible entry point for buying, seeing it as an opportunity to enter when selling has peaked.
Analyzing the past year, AVLV hit a low of $56.1906 and peaked at $71.39. Its most recent trade price was $66.56, reflecting a decrease of about 0.5% for the day.
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Additional Resources:
- Dividend ETFs
- IMTX Average Annual Return
- ETFs Holding ESRX
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
