Warren Buffett’s investment strategy emphasizes being cautious when others are greedy and opportunistic when others are fearful. This is illustrated by the Relative Strength Index (RSI), a technical analysis tool measuring momentum between 0 and 100; stocks with an RSI below 30 are considered oversold.
On Wednesday, shares of DiaMedica Therapeutics Inc (Symbol: DMAC) recorded an RSI of 28.4, indicating oversold conditions after trading as low as $6.065 each. In contrast, the S&P 500 ETF (SPY) has an RSI of 57.1. DMAC’s 52-week trading range spans a low of $3.26 to a high of $10.4195, with the last trade at $6.19.
