Legendary investor Warren Buffett’s principle of being fearful when others are greedy has become relevant in the stock market as shares of SAP SE (Symbol: SAP) entered into oversold territory on October 5, 2023. SAP’s Relative Strength Index (RSI) registered a reading of 29.9, dipping below the crucial threshold of 30, after trading as low as $144.97 per share. This contrasts with the current RSI of the S&P 500 ETF (SPY), which stands at 44.5.
SAP’s shares’ 52-week trading range shows a low of $144.97 and a high of $299.48, with the last trade recorded at $146.38.
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