On Tuesday, the DoubleLine Shiller CAPE U.S. Equities ETF (CAPE) saw its shares drop to $30.99 per share, entering oversold territory with a Relative Strength Index (RSI) of 29.97. An RSI below 30 typically indicates that a stock is oversold. For comparison, the S&P 500 has an RSI of 46.9.
CAPE’s 52-week low is $29.74 and its high is $34.25, with the latest trade recorded at $31.14, reflecting a slight decrease of 0.2% on the day. Investors may view the low RSI as a potential signal for buying opportunities as selling pressure may be waning.
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