In trading on Tuesday, the Invesco China Technology ETF (CQQQ) saw its shares drop to $45.70, entering oversold territory with a Relative Strength Index (RSI) of 29.5. An asset is considered oversold when its RSI falls below 30; in comparison, the S&P 500’s RSI stands at 39.4.
CQQQ’s current price is significantly lower than its 52-week high of $61.20, while its low point stands at $35.62. The ETF is trading down approximately 0.5% on the day.
