In trading on Thursday, shares of the DoubleLine Shiller CAPE U.S. Equities ETF (CAPE) fell to an oversold level of $30.58 per share, with a Relative Strength Index (RSI) reading of 29.0. A stock is classified as oversold when the RSI drops below 30; in comparison, the S&P 500 has an RSI of 32.5.
CAPE’s 52-week range shows a low of $27.01 and a high of $33.295. Currently, the ETF is down about 1.2% on the day, suggesting that investors may see this decline as an opportunity to buy as selling pressure appears to be easing.
