On Thursday, shares of the Capital Group Municipal High-Income ETF (CGHM) fell to $25.39, entering oversold territory with a Relative Strength Index (RSI) of 27.9, below the critical threshold of 30. In comparison, the RSI for the S&P 500 stands at 44.8. This phenomenon typically indicates that heavy selling may be nearing exhaustion, presenting potential buying opportunities for investors.
Over the past year, CGHM has fluctuated between a low of $24.30 and a high of $30 per share, with the latest price recorded at $25.45. As of the trading session, shares are down approximately 0.6% on the day.
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