In trading on Wednesday, shares of the Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS) fell to $27.37, entering oversold territory with a Relative Strength Index (RSI) reading of 26.9. Typically, a stock is considered oversold when the RSI falls below 30. In comparison, the S&P 500’s RSI is at 71.2.
SPXS’s current stock price is down approximately 3.1% for the day, with a 52-week range between $26.53 and $58.60. The latest trading price was $27.45, indicating potential entry point opportunities for bullish investors as heavy selling may be exhausting.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
