Capital Group International Focus Equity ETF Shows Oversold Signals

On Thursday, shares of the Capital Group International Focus Equity ETF (Symbol: CGXU) dropped into oversold territory, trading as low as $23.78 per share. We determine oversold conditions using the Relative Strength Index (RSI), a tool that measures momentum on a scale from zero to 100. A stock is deemed oversold when its RSI value falls below 30.

Currently, the RSI for Capital Group International Focus Equity stands at 29.0, while the S&P 500 represents a slightly higher RSI of 30.7.

For bullish investors, CGXU’s 29.0 RSI could indicate that the recent selling pressure may be nearing its end, potentially presenting buying opportunities.

Analyzing CGXU’s one-year performance chart (below), the ETF has reached a 52-week low of $23.56 per share and a high of $27.52. In comparison, the last trade was recorded at $23.77, reflecting a day-over-day decline of approximately 3.8%.

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