Xtrackers S&P 500 ESG ETF Hits Oversold Level Amid Market Activity
On Monday, trading activity revealed that shares of the Xtrackers S&P 500 ESG ETF (Symbol: SNPE) fell into oversold territory, reaching a low of $50.20 per share. This classification is determined using the Relative Strength Index (RSI), a key technical analysis tool that gauges momentum on a scale from zero to 100. A stock is considered oversold when its RSI falls below 30.
For the Xtrackers S&P 500 ESG ETF, the RSI was recorded at 29.8, while the S&P 500’s RSI stood at 28.9, indicating a similar trend in selling pressure.
Investors with a bullish outlook may interpret SNPE’s 29.8 RSI reading as a potential indication that its recent sell-off is nearing exhaustion. They might start to scout for buying opportunities based on this technical signal.
Current Performance Metrics
An analysis of SNPE’s one-year performance shows that its lowest price over the last 52 weeks was $45.05 per share, contrasting with a high of $55.62. The most recent trade price was $50.61, reflecting an approximate 2.8% decrease in share value for the day.
Discover nine other oversold stocks to watch »
Additional Resources:
- Boston Scientific shares outstanding history
- SWCH Historical Stock Prices
- CXAC Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
