Warren Buffett’s Investing Wisdom: Analyzing Affiliated Managers Group
Legendary investor Warren Buffett famously advises to be fearful when others are greedy and to be greedy when others are fearful. A practical method to gauge market fear is through the Relative Strength Index (RSI), a technical analysis indicator that measures momentum on a scale from zero to 100. When the RSI drops below 30, it suggests that a stock is oversold.
Affiliated Managers Group’s Current RSI Analysis
During trading on Monday, shares of Affiliated Managers Group Inc. (Symbol: AMG) entered oversold territory, recording an RSI of 29.1 after trading as low as $139.22 per share. This reading contrasts sharply with the current RSI of the S&P 500 ETF (SPY), which stands at 21.5. For bullish investors, AMG’s 29.1 RSI could indicate that significant recent selling may be nearing its end, prompting considerations for entry points to buy.
Performance Snapshot of AMG
The chart below illustrates AMG’s one-year performance, highlighting its 52-week low at $139.22 and a high at $199.52. As of the last trade, shares stood at $145.76.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
