In trading on Monday, shares of the Tradr 1.5X Short NVDA Daily ETF (Symbol: NVDS) fell to $21.26 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 27.4. An asset is categorized as oversold when the RSI is below 30, indicating a potential buying opportunity as recent heavy selling may be exhausting.
The NVDS has a 52-week range with a low of $21.18 and a high of $82.50. As of the latest trade, the ETF is down approximately 5.5% on the day. In contrast, the S&P 500’s current RSI stands at 68.1, illustrating a stark difference in market momentum.
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