In trading on Friday, shares of the Avantis International Small Cap Equity ETF (Symbol: AVDS) dropped to $71.71, entering oversold territory with a Relative Strength Index (RSI) of 28.3. This indicator signals significant selling pressure, with a threshold of below 30 indicating an oversold condition. For context, the S&P 500 has an RSI of 32.8.
AVDS has experienced a 52-week trading range between a low of $48 and a high of $79.67, currently trading down about 1.7% for the day. Investors may see the low RSI as a potential entry point for buying amidst the recent selling.
