In trading on Monday, shares of the Direxion Daily Small Cap Bull 3X Shares ETF (TNA) fell to $42.77 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 29.6. An asset is considered oversold when its RSI drops below 30. In comparison, the S&P 500’s RSI is currently at 33.9, indicating broader market conditions.
TNA’s share price is down approximately 5.8% for the day and is trading significantly below its 52-week high of $60.44, with a low point of $18.01. The last trade was reported at $44.45, suggesting potential entry opportunities for bullish investors as heavy selling may be nearing exhaustion.
