Vanguard Global ex-U.S. Real Estate ETF Hits Oversold Level
Shares of VNQI Decline Below Key Threshold Amid Market Pressures
On Monday, the Vanguard Global ex-U.S. Real Estate ETF (Symbol: VNQI) experienced a notable dip, dropping to $38.01 per share, which indicates that the stock has entered oversold territory. The term “oversold” is defined through the Relative Strength Index (RSI), a tool that measures price momentum on a scale from zero to 100. An RSI value below 30 suggests that a stock may be oversold.
Currently, VNQI has an RSI reading of 29.1. In comparison, the S&P 500 index stands at 36.9. This reading may signal that the recent sell-offs are tapering off, possibly providing a buying opportunity for investors looking to enter the market.
VNQI’s performance over the past year shows a low of $38.01 and a high of $47.63, with the last trade recorded at $38.09. Shares of Vanguard Global ex-U.S. Real Estate are down approximately 0.6% for 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.
