In trading on Thursday, Capital Group Growth ETF (CGGR) shares dipped into oversold territory, reaching a low of $42.174 per share. The Relative Strength Index (RSI) for CGGR recorded a reading of 27.8, indicating significant selling pressure, compared to the S&P 500’s RSI of 40.4. An RSI below 30 suggests the stock may be oversold.
Over the past year, CGGR has seen a low of $29.23 and a high of $45.835, with the most recent trade closing at $42.21, reflecting a decrease of about 1.8% for the day. This might present a potential buying opportunity for bullish investors as the selling appears to be losing momentum.
