Warren Buffett’s investment strategy highlights the importance of sentiment, advising investors to be fearful when others are greedy and vice versa. The Relative Strength Index (RSI) serves as a technical analysis tool to gauge market sentiment, with a reading below 30 indicating an oversold condition.
On Monday, argenx SE (Symbol: ARGX) shares recorded an RSI of 27.5, entering oversold territory as the stock traded at a low of $571.22. This contrasts with the S&P 500 ETF (SPY) RSI of 30.4. The stock’s 52-week range shows a low of $349.86 and a high of $678.21, with the last trade at $571.71, suggesting potential buying opportunities as heavy selling may be subsiding.
