First Trust Capital Strength ETF Hits Oversold Levels
The First Trust Capital Strength ETF (Symbol: FTCS) shares fell below the $88 mark, indicating oversold conditions.
On Monday, FTCS shares traded as low as $87.155, marking a significant point for investors to consider. The Relative Strength Index (RSI), which gauges stock momentum on a scale of 0 to 100, defines oversold stocks as those with an RSI below 30. Currently, the RSI for FTCS stands at 29.5, while the S&P 500’s RSI is at 39.2.
For bullish investors, the 29.5 RSI reading could suggest that the selling pressure on FTCS may be waning, potentially signaling a good time to explore buying opportunities.
Examining one-year performance, the lowest point for FTCS during the past 52 weeks was $79.19, with a peak at $94.23. As of the last trade, FTCS shares were priced at $87.33, reflecting a decrease of about 1.6% for the day.
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Also see:
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- Funds Holding DHI
- SEM Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
