Dimensional US Targeted Value ETF Hits Oversold Levels Amid Market Fluctuations
On Monday’s trading session, shares of the Dimensional US Targeted Value ETF (Symbol: DFAT) dipped into oversold territory, trading as low as $53.295 per share. Oversold conditions are determined by the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from 0 to 100. A stock is deemed oversold when its RSI falls below 30.
Currently, DFAT’s RSI stands at 29.5, in contrast to the S&P 500’s RSI of 39.7. This metric could bode well for bullish investors, suggesting that recent aggressive selling may be reaching its limits, presenting potential buying opportunities.
An analysis of DFAT’s one-year performance reveals a 52-week low at $50.1616 per share, with a high of $61.75. This gives context to the latest trade at $53.23, indicating the ETF is currently down approximately 2.7% for the day.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
