“Surge of Sellers Piling into XME Market”

Published On: April 3, 2025 5:01 pm

SPDR S&P Metals & Mining ETF Enters Oversold Territory Amid Market Decline

In trading on Thursday, shares of the SPDR S&P Metals & Mining ETF (Symbol: XME) fell into oversold territory, reaching as low as $52.29 per share. Oversold conditions are identified using the Relative Strength Index (RSI), a popular technical analysis tool that gauges market momentum on a scale from zero to 100. An asset is deemed oversold when its RSI falls below 30.

Currently, the RSI for SPDR S&P Metals & Mining stands at 27.9. This contrasts with the S&P 500’s RSI, which is at 30.7. Investors who adopt a bullish outlook might interpret XME’s RSI reading of 27.9 as a signal that the selling pressure is waning, prompting them to consider buying opportunities.

Examining the one-year performance of XME, the ETF’s lowest point in its 52-week range is $52.24 per share, while the highest is $70.49. As of the last trade, XME shares were priced at $52.36, reflecting a drop of approximately 7.3% for the day.

SPDR S&P Metals & Mining 1 Year Performance Chart