In trading on Tuesday, shares of the Global X S&P 500 Covered Call ETF (XYLD) dropped to $40.0502 per share, entering oversold territory with a Relative Strength Index (RSI) of 29.5. This reading signals that the stock could be nearing a reversal point after significant selling pressure, as stocks are generally deemed oversold when their RSI falls below 30.
For context, the S&P 500’s RSI stands at 39.3, indicating a relatively more stable condition compared to XYLD. The ETF’s performance over the past year highlights a low of $34.5304 per share and a high of $42.92. As of the latest trading session, XYLD shares decreased by approximately 1.2%.
