In trading on Tuesday, shares of the KraneShares CSI China Internet ETF (KWEB) fell to an oversold territory, reaching a low of $35.89 per share. The stock’s Relative Strength Index (RSI) is currently at 29.5, indicating heavy selling, and is below the oversold threshold of 30. In comparison, the S&P 500 has an RSI of 46.3.
The ETF’s 52-week performance shows a low of $27.27 per share and a high of $43.36, with the latest trade at $35.97. KWEB is down approximately 0.8% for the day, prompting potential bullish investors to seek buying opportunities as selling pressure may be nearing its end.
