In trading on Tuesday, shares of the Defiance Daily Target 2X Short PLTR ETF (PLTZ) reached an oversold status, closing at $11.06, down approximately 58.7% for the day. The Relative Strength Index (RSI) for PLTZ hit 26.8, indicating the stock may be oversold as readings below 30 suggest heavy selling may be waning. In comparison, the S&P 500’s RSI stands at 67.3.
PLTZ’s 52-week range shows a low of $11.06 and a high of $47.40, with the most recent trade at $12.00. Investors are eyeing this RSI reading as a potential signal for buying opportunities following the recent downturn.
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