Vanguard Small-Cap ETF Screens Oversold Amid Market Selloff

In trading on Thursday, shares of the Vanguard Small-Cap ETF (Symbol: VB) have entered oversold territory, dropping as low as $211.0788 per share. Oversold conditions are identified using the Relative Strength Index (RSI), a technical analysis tool that measures market momentum on a scale from zero to 100. An asset is categorized as oversold if its RSI reading falls below 30.

Currently, the RSI reading for Vanguard Small-Cap stands at 29.1. For comparison, the S&P 500 is at a slightly higher RSI of 30.7. This lowered RSI reading could prompt bullish investors to view the situation as a potential buying opportunity, interpreting it as a sign that the recent selling pressure may be stabilizing.

A look at the ETF’s one-year performance chart shows that the 52-week low for VB is $209.81 per share, whereas the 52-week high reached $263.3499. The most recent trade price registered at $211.53, reflecting a decline of approximately 6.5% for the day.

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