On Monday, shares of the iShares MSCI China ETF (MCHI) fell to $60.47, entering oversold territory with a Relative Strength Index (RSI) of 28.4. Stocks are considered oversold when the RSI falls below 30; in comparison, the S&P 500’s RSI is at 41.8.
MCHI’s performance over the past year shows a 52-week low of $60.47 and a high of $97.55. Currently, shares are trading at $60.70, down approximately 2.2% for the day.
