And the Winner for Most Oversold Is.....

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The CandleGlance chart below shows six broad-market ETFs with 14-day RSI. Notice that RSI is below 30 for the Russell 2000 iShares, the Russell MicroCap iShares and the S&P MidCap SPDR. With an RSI below 26, the S&P MidCap SPDR is the most oversold of the six. In fact, 14-day RSI is the lowest it has been since May 2012. How's that for oversold? The Nasdaq 100 ETF and Dow Diamonds are holding up the best because their RSI values are above 37. As the image below shows, chartists can chart 12 symbols in CandleGlance format and add different indicators to these charts.


Click this image for a live chart

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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Using Relative Rotation Graphs to Visualize Sector Rotation

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A Wild Ride For the History Books: 2025 Mid-Year Recap

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