Vanguard ESG U.S. Stock ETF Hits Oversold Territory

On Monday, shares of the Vanguard ESG U.S. Stock ETF (Symbol: ESGV) traded as low as $99.41, entering what analysts consider oversold territory. Oversold conditions are identified by the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. An RSI reading below 30 typically indicates that a stock is oversold.

For Vanguard ESG U.S. Stock, the RSI recently dropped to 28.7. In contrast, the S&P 500 index shows a slightly higher RSI of 31.0. A bullish investor might view ESGV’s low RSI reading as a potential signal that recent selling pressure is abating, suggesting possible entry points for buying.

Analyzing the one-year performance chart, ESGV reached a low of $87 per share within its 52-week range, while the 52-week high was $109.62. The last trade recorded was at $99.48, indicating that Vanguard ESG U.S. Stock shares were down approximately 2.3% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.