On Friday, shares of the Avantis International Equity ETF (AVDE) traded as low as $81.36, entering oversold territory with a Relative Strength Index (RSI) reading of 29.3. A stock is considered oversold when the RSI falls below 30; for context, the S&P 500’s RSI is currently at 29.6.
AVDE’s performance over the past year shows a low of $58.55 and a high of $92.60, with its latest trade at $81.34, representing a 3% decline for the day. Bullish investors may view this lower RSI as a potential opportunity for buying as recent heavy selling appears to be exhausting.
