iShares ESG Advanced MSCI USA ETF Shows Oversold Conditions

On Tuesday, the iShares ESG Advanced MSCI USA ETF (Symbol: USXF) saw its shares dip into oversold territory, trading as low as $46.09. We identify oversold conditions through the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. An RSI value below 30 indicates that a stock is oversold.

For USXF, the RSI has reached 28.2, indicating a potential reversal point. In comparison, the RSI for the S&P 500 currently stands at 26.9. A bullish investor may interpret USXF’s 28.2 reading as a signal that the recent heavy selling may be nearing its end, presenting potential buying opportunities.

Examining the one-year performance chart (below), USXF has a 52-week low of $41.427 per share and a high of $52.76, with the last trade recorded at $46.09. Today, the shares are trading down about 1.2%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.