iShares Core S&P Small-Cap ETF Hits Oversold Levels Amid Market Fluctuations
On Monday, shares of the iShares Core S&P Small-Cap ETF (Symbol: IJR) fell into oversold territory, trading as low as $108.90 per share. Oversold conditions are identified using the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. A stock is regarded as oversold if its RSI drops below 30.
For the iShares Core S&P Small-Cap ETF, the current RSI reading stands at 29.96. In contrast, the S&P 500’s RSI is at 39.7. A bullish investor might interpret the 29.96 figure for IJR as a potential signal that recent heavy selling could be nearing exhaustion, making it an opportune moment to seek entry points for buying.
Examining IJR’s performance over the past year, the ETF’s lowest point within its 52-week range is $101.85 per share, while the highest point reached was $128.61. Presently, the last traded price is $108.78, demonstrating a decline of approximately 2.5% for the day.
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Also see:
- IQDF market cap history
- Institutional Holders of TCO
- Institutional Holders of USCR
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
