In trading on Thursday, shares of the DB Gold Double Long ETN ETF (DGP) fell to $153.475, entering oversold territory with a Relative Strength Index (RSI) of 29.1. An asset is classified as oversold when the RSI is below 30; for comparison, the S&P 500’s RSI is at 32.5. This indicates that heavy selling could be nearing exhaustion, potentially offering bullish investors a buying opportunity.
Over the past year, DGP reached a low of $81.07 and a high of $252.75, with the last trade at $154.48. Currently, shares are down approximately 7.7% for the day.
