On Thursday, shares of the Touchstone Dividend Select ETF (DVND) fell to $35.40 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 28.3. A stock is deemed oversold when the RSI falls below 30; for context, the S&P 500’s RSI currently stands at 35.5.
DVND’s current share price is near its 52-week low of $27.46, while its 52-week high is $37.81. Today’s trading shows a decline of about 0.5%. Investors may interpret the low RSI as a potential opportunity for entry into the stock as recent selling pressure may be waning.
