Warren Buffett’s insightful advice resonates: be cautious when others are overly enthusiastic and take advantage when others are hesitant. One way to gauge the level of fear in the market is by using the Relative Strength Index (RSI), a technical analysis tool that measures stock momentum on a scale that ranges from zero to 100. When the RSI drops below 30, it suggests that a stock may be oversold.
On Monday, Diebold Nixdorf Inc (Symbol: DBD) shares fell into the oversold category, reporting an RSI of 28.4 as they traded down to $40.40 each. In contrast, the S&P 500 ETF (SPY) currently has an RSI of 37.3. For bullish investors, DBD’s RSI value of 28.4 may indicate that recent heavy selling is nearing its end, offering potential buying opportunities. Below is the one-year performance chart for DBD shares:
Reviewing the chart, the lowest point in the 52-week range for DBD is $28.1571 per share, while the highest point reaches $51.81. Presently, the last trade occurred at $40.34.
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Additional Insights:
- QCOM MACD
- CF Price Target
- Institutional Holders of ADMA
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
