Avantis Emerging Markets Equity ETF Shows Signs of Overselling

Shares of Avantis Emerging Markets Equity ETF Approach Buying Opportunity

In trading on Monday, shares of the Avantis Emerging Markets Equity ETF (Symbol: AVEM) fell into oversold territory, trading as low as $56.79 per share. Oversold territory is identified using the Relative Strength Index (RSI), a tool that measures market momentum on a scale from 0 to 100. A stock is considered oversold when the RSI drops below 30.

For the Avantis Emerging Markets Equity ETF, the RSI was reported at 29.8. In contrast, the S&P 500’s RSI stands at 36.9.

A bullish investor might interpret AVEM’s 29.8 RSI reading as a signal that the recent significant selling could be nearing its end, creating potential opportunities for buying.

Examining the past year, AVEM’s shares have a low point at $52.72 and a high of $66.3099. The most recent trade was at $57.06, which reflects a decline of approximately 1.1% for the day.

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Also see:

• APRE YTD Return
• Institutional Holders of BNA
• LCID Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.