On Tuesday, shares of the Amplify Cybersecurity ETF (HACK) fell to $77.35, entering oversold territory with a Relative Strength Index (RSI) of 29.3. An asset is considered oversold when its RSI drops below 30; for comparison, the S&P 500 currently has an RSI of 39.3.
Investor sentiment may shift positively as some view this low RSI as an indication that heavy selling is potentially waning, creating buying opportunities. HACK’s 52-week performance shows a low of $61.59 and a high of $89.59, with the latest trade reflecting a 2.6% decrease on the day.
