Shares of the KraneShares CSI China Internet ETF (KWEB) fell to $32.15 on Monday, entering oversold territory as indicated by a Relative Strength Index (RSI) of 29.9. An RSI below 30 identifies a stock as oversold, whereas the S&P 500 currently has an RSI of 43.2.
Over the past year, KWEB’s 52-week low is $27.825, and the high is $43.365, with the latest trade price at $32.23, reflecting a decrease of approximately 1.3% for the day. This drop may signal a potential buying opportunity for bullish investors.
