Warren Buffett’s Wisdom: Analyzing Clarivate’s Current Market Position
Legendary investor Warren Buffett often reminds us to be fearful when others show greed and to be greedy when fear runs high. One effective method to gauge market sentiment is through the Relative Strength Index (RSI), a technical analysis tool that evaluates momentum on a scale from zero to 100. When the RSI drops below 30, it signals that a stock may be oversold.
On Wednesday, Clarivate plc (Symbol: CLVT) entered this oversold zone, recording an RSI of 18.8. During trading, shares fell to a low of $4.775. In contrast, the current RSI for the S&P 500 ETF (SPY) sits at 61.9. A bullish investor might interpret CLVT’s RSI of 18.8 as an indication that recent heavy selling could be slowing down, creating potential buying opportunities. The chart below illustrates CLVT’s performance over the past year:
Reviewing the chart, we note that CLVT’s 52-week low is $4.775, while its high reached $9.605. The stock last traded at $4.97.
Explore 9 other oversold stocks worth considering »
Related Articles:
- 10 Components Hedge Funds Are Selling
- Alamo Group Historical Earnings
- HCOM Market Cap History
The views and opinions expressed herein belong to the author and do not necessarily represent those of Nasdaq, Inc.
