Vanguard Small-Cap Value ETF Enters Oversold Territory
On Monday, shares of the Vanguard Small-Cap Value ETF (Symbol: VBR) dropped into oversold territory, reaching a low of $195.80 each. Oversold territory is determined using the Relative Strength Index (RSI), a technical analysis tool that gauges price momentum on a scale from zero to 100. Typically, a stock is seen as oversold when the RSI falls below 30.
For Vanguard Small-Cap Value, the RSI is at 29.5. In contrast, the S&P 500 currently has an RSI of 39.2. Investors might view the low RSI reading for VBR as an indication that the recent selling pressure could be waning, potentially signaling a good buying opportunity.
Examining VBR’s performance over the past year, its lowest point in the 52-week range is $171.31 per share, while its highest point reached $219.005. As of the last trade, it stands at $196.38, translating to a daily decline of about 1.5%.
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The views and opinions expressed herein are the author’s and do not necessarily reflect those of Nasdaq, Inc.
