In trading on Wednesday, shares of the JEMA ETF (Symbol: JEMA) fell to as low as $47.17, entering oversold territory with a Relative Strength Index (RSI) of 29.5. An asset is deemed oversold when its RSI is below 30; by contrast, the S&P 500’s RSI stands at 41.6.
JEMA’s performance over the past year shows a low point of $33.44 and a high of $50.62, with the last trade reported at $47.22. Shares of JEMA are down approximately 0.9% for the day.
