Warren Buffett’s Wisdom: Analyzing Marcus & Millichap’s Oversold Status

Warren Buffett famously advises investors to be fearful when others are greedy and to be greedy when others are fearful. One method to gauge market fear is through the Relative Strength Index (RSI), a technical analysis indicator that measures momentum on a scale from zero to 100. When the RSI falls below 30, a stock is considered oversold.

On Tuesday, shares of Marcus & Millichap Inc (Symbol: MMI) reached oversold levels, recording an RSI of 29.0. The stock traded as low as $29.31 per share. In contrast, the current RSI for the S&P 500 ETF (SPY) stands at 54.8. Investors with a bullish outlook might interpret MMI’s 29.0 RSI as a sign that recent selling pressure is waning, presenting potential buying opportunities. Below is a chart illustrating the one-year performance of MMI shares:

Examining the chart, MMI’s 52-week low is $29.31 per share, while the high is $42.804. The most recent trade recorded a price of $29.39.

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Also See:

• Technical Analysis Channel
• QDEL Videos
• Consolidated Edison Historical Earnings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.