In trading on Monday, shares of the Direxion Daily Dow Jones Internet Bear 3x Shares ETF (WEBS) fell to $14 per share, entering oversold territory with a Relative Strength Index (RSI) of 28.3. An RSI below 30 indicates that a stock is oversold, in contrast to the S&P 500’s RSI of 68.5.
The ETF’s performance over the past year shows a 52-week low of $13.92 and a high of $33.25, with recent trading reflecting a decline of approximately 3.8% on the day. The stock’s last trade was at $13.96, positioning it close to its lower range.
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