Vanguard Tax-Exempt Bond (VTEB) Approaches Oversold Levels

Published On: January 13, 2025 5:28 pm

Vanguard Tax-Exempt Bond ETF Falls into Oversold Territory

Technical Indicators Signal Possible Buying Opportunity

On Monday, shares of the Vanguard Tax-Exempt Bond ETF (Symbol: VTEB) fell into oversold territory, trading as low as $49.52 per share. Oversold territory is identified using the Relative Strength Index (RSI), a tool in technical analysis that measures momentum on a scale ranging from zero to 100. A stock is deemed oversold when its RSI score dips below 30.

For VTEB, the RSI recently hit 29.9. In comparison, the S&P 500 index registers a higher RSI of 39.2. Investors who adopt a bullish stance might interpret VTEB’s 29.9 reading as an indication that recent heavy selling could be slowing down, signaling potential buying opportunities.

Reviewing VTEB’s one-year performance, the ETF has seen its lowest price in the last 52 weeks at $49.52 per share, with the highest point reaching $51.17. Currently, the latest trade shows VTEB at $49.57, reflecting a slight drop of about 0.3% on the day.

Vanguard Tax-Exempt Bond 1 Year Performance Chart