On Monday, shares of the T. Rowe Price Small – Mid Cap ETF (TMSL) traded as low as $36.03, entering oversold territory with a Relative Strength Index (RSI) reading of 28.2. Stocks are classified as oversold when the RSI falls below 30. In comparison, the S&P 500’s RSI is currently at 33.9.
Over the past year, TMSL has seen a low of $25.8868 and a high of $39.8007, with the last trade recorded at $36.38, down about 2% on the day. Investors may view the low RSI as a potential signal for buying opportunities as selling pressure appears to be subsiding.
