SPTS Stock Hits Oversold Levels: What Investors Should Know

Published On: November 1, 2024 1:45 pm

SPDR Portfolio Short Term Treasury ETF Hits Oversold Levels as Shares Dip

Friday Trading Sees SPTS Enter Oversold Territory

In Friday’s trading session, shares of the SPDR Portfolio Short Term Treasury ETF (Symbol: SPTS) fell into oversold territory, reaching a low of $29.0401 per share. This assessment comes from analyzing the Relative Strength Index (RSI), a tool used to evaluate the momentum of a stock on a scale from zero to 100. Typically, a stock is deemed oversold when its RSI falls below 30.

For SPTS, the RSI reached 27.8. By contrast, the S&P 500’s RSI is currently at 50.4, indicating differing market sentiment. A savvy investor might view SPTS’s 27.8 reading as a signal that the recent wave of selling could be nearing its conclusion, presenting potential buying opportunities.

Examining performance over the past year, SPTS’s lowest price in its 52-week range was $28.62 per share, with a high of $29.46. The most recent trade showed SPTS at $29.04, reflecting a slight decline of about 0.3% for the day.

SPDR Portfolio Short Term Treasury 1 Year Performance Chart