FLQM ETF Enters Oversold Territory Amid Market Fluctuations
On Wednesday, shares of the FLQM ETF (Symbol: FLQM) dipped into oversold conditions, trading as low as $51.966 per share. This oversold status is determined using the Relative Strength Index (RSI), a technical analysis tool that gauges momentum on a scale from zero to 100. Typically, a stock is labeled oversold when its RSI drops below 30.
Currently, the RSI for FLQM stands at 28.4, which is notably lower than the S&P 500’s RSI reading of 29.7. For bullish investors, this 28.4 reading may suggest that the recent wave of selling is nearing its end, providing potential buying opportunities.
Analyzing FLQM’s performance over the past year reveals that it reached a low of $49.72 per share and a high of $59.0695 within the 52-week period. As of the last transaction, FLQM shares were trading at $51.85, reflecting a decline of approximately 0.8% on the day.
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also see:
- FXI Average Annual Return
- XMTR Shares Outstanding History
- Institutional Holders of BAMA
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
