In trading on Wednesday, the Defiance Daily Target 2x Long SOFI ETF (SOFX) recorded an oversold status with shares dropping to a low of $8.82. The Relative Strength Index (RSI) for SOFX reached 29.98, indicating potential buying opportunities, compared to an RSI of 46.9 for the S&P 500. Stocks are considered oversold when their RSI falls below 30.
SOFX’s one-year performance reveals a 52-week low of $5.23 and a high of $55.479, with the last trade at $9.02, reflecting a daily decline of approximately 2.7%.
