Vanguard Communication Services ETF Enters Oversold Territory with RSI at 27.2
In trading on Thursday, shares of the Vanguard Communication Services ETF (Symbol: VOX) reached an oversold status, with prices falling as low as $147.37 per share. The Relative Strength Index (RSI), a key technical analysis indicator that gauges momentum on a scale from zero to 100, was utilized to determine this condition. A stock is deemed oversold if its RSI value drops below 30.
Currently, VOX’s RSI stands at 27.2, indicating significant selling pressure. For context, the RSI for the S&P 500 is slightly higher at 28.4. This low RSI reading could prompt bullish investors to consider that the intense selling may be tapering off, possibly signaling a favorable entry point for buying shares.
Analysis of VOX’s one-year performance reveals a 52-week low of $122.73 per share, contrasted with a high of $169.62. As of the latest trading session, VOX is priced at $147.91, representing a decline of about 2.2% for the day.
Discover other oversold stocks worth monitoring »
Additional Insights:
- BDTX YTD Return
- YHOO Price Target
- Institutional Holders of ELLO
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
