In trading on Friday, shares of the Capital Group U.S. Multi-Sector Income ETF (CGMS) dropped to an oversold position, reaching a low of $26.49 per share. The Relative Strength Index (RSI) for CGMS is currently at 29.7, indicating oversold conditions as it is below the threshold of 30. In comparison, the S&P 500 has an RSI of 54.9.
For context, CGMS has a 52-week trading range with a low of $26.49 and a high of $27.99, and it was last traded at $26.56, remaining flat for the day.
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