WisdomTree U.S. High Dividend Fund ETF Hits Oversold Level Amid Market Fluctuations
On Friday, shares of the WisdomTree U.S. High Dividend Fund ETF (Symbol: DHS) fell into oversold territory, reaching a low of $92.01 per share. This situation is determined by the Relative Strength Index (RSI), a tool that measures momentum on a scale from 0 to 100. An RSI reading below 30 indicates a stock is oversold.
The current RSI for the WisdomTree U.S. High Dividend Fund stands at 29.5, while the S&P 500 reports a higher RSI of 40.5. This distinction highlights the demand for WisdomTree shares compared to the broader market.
Investors with a bullish outlook may interpret the 29.5 value as a potential signal that the recent aggressive sell-off is nearing its end, prompting considerations for buying opportunities.
Examining the one-year performance chart below, the DHS stock reached its lowest point over the past 52 weeks at $79.18 per share and its highest at $101.06. Currently, the last traded value sits at $91.88, indicating a slight decline of about 0.8% for the day.
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