On Tuesday, shares of the Capital Group Municipal High-Income ETF (CGHM) experienced significant downward movement, trading as low as $25.0309 per share, marking an RSI reading of 27.2, indicating it is in oversold territory. In comparison, the S&P 500’s RSI stands at 49.1.
The ETF’s performance over the past year shows a 52-week low of $24.5201 and a high of $30, with the most recent trading price at $25.11, reflecting a decline of approximately 0.7% for the day. Investors may find this RSI level suggests that the recent selling pressure could be nearing its end, presenting potential buying opportunities.
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