Alps Smith Core Plus Bond ETF Shows Oversold Signals on Trading Day
On Friday, shares of the Alps Smith Core Plus Bond ETF (Symbol: SMTH) entered oversold territory, trading as low as $25.1517 per share. Oversold conditions are identified using the Relative Strength Index (RSI), a technical analysis tool designed to gauge momentum on a scale from zero to 100. An asset is categorized as oversold when its RSI drops below 30.
For the Alps Smith Core Plus Bond ETF, the latest RSI reading stands at 29.7. In comparison, the S&P 500’s RSI is currently at 39.6, indicating greater selling pressure on SMTH relative to the broader market. This reading may encourage bullish investors to consider that the recent heavy selling is nearing an end, thereby initiating potential entry points for buying opportunities.
A review of SMTH’s one-year performance reveals that its lowest point in the 52-week range is $24.9169 per share, while the high is $26.71. The most recent trade price for SMTH is $25.20, reflecting a decline of approximately 0.9% for the day.
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The views and opinions expressed herein are those of the author and may not reflect the views of Nasdaq, Inc.
