In trading on Friday, shares of the Defiance Daily Target 2X Short RKLB ETF (RKLZ) fell to $4.81, entering oversold territory as indicated by a Relative Strength Index (RSI) reading of 29.6. An RSI below 30 signifies that a stock is considered oversold, in contrast to the S&P 500’s RSI of 76.7.
RKLZ’s performance over the past year shows a low of $4.05 and a high of $204.0696, with the latest trade marking a decline of approximately 61.9% on the day. This steep drop could signal to bullish investors that the recent sell-off may be nearing exhaustion, potentially presenting buying opportunities.
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