In trading on Monday, shares of the Adaptive Alpha Opportunities ETF (AGOX) dropped to $25.88, entering oversold territory as measured by the Relative Strength Index (RSI), which recorded a reading of 26.3. An asset is deemed oversold when the RSI falls below 30; this is comparable to the S&P 500’s RSI of 26.4.
AGOX’s 52-week trading range shows a low of $21.31 and a high of $31.63, with the latest trade at $25.66, reflecting a decline of approximately 3.8% on the day.
