Vanguard Mid-Cap Value ETF Shows Oversold Conditions on Thursday
On Thursday, trading in the Vanguard Mid-Cap Value ETF (Symbol: VOE) indicated that the stock entered an oversold state, with shares trading as low as $156.0819. Oversold conditions are identified using the Relative Strength Index (RSI), which measures momentum on a scale from zero to 100. A stock is deemed oversold when the RSI falls below 30.
Currently, VOE’s RSI stands at 28.7, slightly higher than the S&P 500’s RSI of 28.4. This metric may suggest to bullish investors that the substantial selling pressure is nearing its limit, creating potential buying opportunities as the market stabilizes.
Over the past year, VOE’s performance chart reveals a 52-week low of $146.37 and a high of $176.83, making the last trade of $156.65 just below the midpoint of this range. As of today, shares of Vanguard Mid-Cap Value are trading down approximately 0.7%.
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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.
