Vanguard FTSE All-World ex-US ETF Hits Oversold Levels
Friday trading reveals Vanguard’s ETF at a significant low, prompting potential investment opportunities.
In trading on Friday, shares of the Vanguard FTSE All-World ex-US ETF (Symbol: VEU) fell into oversold territory, reaching a low of $58.57 per share. The oversold status is determined using the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. A stock is identified as oversold when the RSI dips below 30.
The current RSI reading for VEU is 29.98, indicating that selling pressure may be easing. In contrast, the S&P 500 has an RSI of 53.5, highlighting the relative weakness of VEU compared to the broader market.
Investors with a bullish outlook might interpret the 29.98 RSI reading as a signal that the ongoing sell-off could be losing momentum and may present a viable buying opportunity.
Examining the one-year performance chart below, VEU has a 52-week low of $53.18 per share and a high of $63.81. The most recent trade was at $58.68, reflecting a slight decline of approximately 0.4% for the day.
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Additional Resources:
- IEX Dividend History
- KEN Historical Stock Prices
- CDE Market Cap History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
