Legendary investor Warren Buffett advocates being cautious when the market is greedy, and opportunistic when it is fearful. This sentiment is reflected in technical analysis through the Relative Strength Index (RSI), which measures momentum on a scale from 0 to 100. A stock is deemed oversold when the RSI falls below 30.
On Friday, Digimarc Corp (Symbol: DMRC) recorded an RSI of 29.6 after trading as low as $6.55 per share, entering oversold territory. In comparison, the S&P 500 ETF (SPY) registered an RSI of 58.1. The 52-week low for DMRC is $4.07, with the high at $17.47. The last trade for DMRC was at $6.66.
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