On Wednesday, shares of the RPAR ETF (Symbol: RPAR) fell to as low as $18.88 per share, indicating oversold territory according to the Relative Strength Index (RSI). When the RSI reading falls below 30, a stock is considered oversold. Currently, RPAR’s RSI reading is at 29.5, compared to the S&P 500’s RSI reading of 49.0.
The low point for RPAR in its 52-week range is $16.97 per share, while the 52-week high is at $21.66 per share. At the time of writing, RPAR shares are trading down by about 0.8% on the day. Traders who are bullish on RPAR could view the stock’s heavily sold status as a possible sign that it may be a good opportunity to enter into the market.
Check out the one-year performance chart below to see more information on RPAR’s trading activity.
To discover other oversold stocks, check out the link below.
Click here to learn about nine additional oversold stocks »
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Please note that the opinions expressed in this article are solely those of the author and may not reflect the views of Nasdaq, Inc.
