EA Bridgeway Omni Small Cap Value ETF Shows Oversold Indicators
On Monday’s trading session, shares of the EA Bridgeway Omni Small Cap Value ETF (Symbol: BSVO) entered oversold territory, with prices falling as low as $20.155 per share. Oversold territory is identified through the Relative Strength Index (RSI), a widely used technical analysis tool that measures momentum on a scale from zero to 100. A stock is deemed oversold when the RSI drops below 30.
For EA Bridgeway Omni Small Cap Value, the current RSI reading stands at 26.9. This contrasts with the S&P 500 index, which has an RSI of 39.7. Investors who maintain a bullish outlook may interpret BSVO’s low RSI reading as an indication that the recent heavy selling pressure could be waning, proposing potential buying opportunities.
Analyzing the one-year performance chart, BSVO’s 52-week low is noted at $19.53 per share, while the high is $24.2199. The most recent trade shows BSVO at $20.13, indicating a decline of about 2.9% for the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
