Global X Artificial Intelligence & Technology Showing Signs of Deep Oversold Conditions

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On Friday, shares of the Global X Artificial Intelligence & Technology ETF (AIQ) were traded as low as $46.52, signaling they have entered oversold territory with a Relative Strength Index (RSI) of 28.8, below the critical threshold of 30. In contrast, the S&P 500 has an RSI of 37.1.

The 52-week performance shows that AIQ’s low point is $30.60 and the high is $53.75, with the last trade recorded at $46.78. Currently, shares are down approximately 1.5% for the day.

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