WisdomTree India Earnings Fund ETF Shows Oversold Signals
On Friday, shares of the WisdomTree India Earnings Fund ETF (Symbol: EPI) dropped to $46.78, entering oversold territory. The Relative Strength Index (RSI), a tool used to evaluate stock momentum, registers values from zero to 100. A stock is labeled as oversold when the RSI falls below 30.
Currently, EPI has an RSI of 29.0, indicating potential exhaustion of recent selling pressure, while the S&P 500 holds an RSI reading of 60.7. Some investors may interpret EPI’s lower RSI as a possible signal to consider buying shares as the downturn may be nearing its end.
Examining EPI’s one-year performance reveals a 52-week low of $35.34 per share and a high of $50.99, with its last recorded trade at $46.80. The fund’s shares are down approximately 1.7% on this trading day.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
