Warren Buffett’s Wisdom: A Look at ICF International’s RSI and What it Means

Understanding Fear in the Stock Market

Warren Buffett famously said to be fearful when others are greedy and greedy when others are fearful. A useful tool for measuring market fear is the Relative Strength Index (RSI). This technical analysis indicator rates momentum on a scale of zero to 100. When a stock’s RSI drops below 30, it is considered oversold, suggesting potential buying opportunities.

On Tuesday, shares of ICF International Inc (Symbol: ICFI) fell into oversold status, with an RSI reading of 28.4. The stock traded as low as $103.30 per share. For context, the S&P 500 ETF (SPY) currently has an RSI of 60.3. A bullish investor might view ICFI’s low RSI as an indicator that the selling pressure is easing, leading to potential buying opportunities. The chart below illustrates ICFI’s performance over the past year:

ICFI’s recent trading has seen it hit a 52-week low of $103.30 per share, while its 52-week high was $179.67. The last trade reported was at $104.08, showing it is close to its recent low.

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The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.