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On Wednesday, shares of FinVolution Group (Symbol: FINV) fell into oversold territory with a Relative Strength Index (RSI) of 29.8, trading as low as $5.53 per share. This comes as the S&P 500 ETF (SPY) registers an RSI of 41.4, indicating a more stable market condition.
FinVolution’s 52-week range shows a low of $5.46 and a high of $11.08, with the last trade recorded at $5.50. Investors may see the current RSI as a potential buying opportunity due to the recent selling pressure nearing exhaustion.
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