S&P 500
5,278.40
▲
+0.45%
NASDAQ
16,755.02
▲
+0.67%
DOW JONES
38,886.57
▲
+0.32%
RUSSELL 2000
2,084.45
▲
+0.15%
VIX
13.42
▼
-1.52%
GOLD
2,348.30
▲
+0.21%
OIL (WTI)
78.62
▲
+0.18%
US 10Y
4.28%
▼
-0.04%
S&P 500
5,278.40
▲
+0.45%
NASDAQ
16,755.02
▲
+0.67%
DOW JONES
38,886.57
▲
+0.32%
RUSSELL 2000
2,084.45
▲
+0.15%
VIX
13.42
▼
-1.52%
GOLD
2,348.30
▲
+0.21%
OIL (WTI)
78.62
▲
+0.18%
US 10Y
4.28%
▼
-0.04%
In trading on Tuesday, shares of the Avantis Credit ETF (Symbol: AVGB) entered into oversold territory, changing hands as low as $50.36 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Avantis Credit, the RSI reading has hit 28.1 — by comparison, the RSI reading for the S&P 500 is currently 55.7.
A bullish investor could look at AVGB’s 28.1 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), AVGB’s low point in its 52 week range is $50.345 per share, with $52.07 as the 52 week high point — that compares with a last trade of $50.36. Avantis Credit shares are currently trading off about 0.1% on the day.
Further AVGB Research:
Written by
Ryan Ashford
Senior markets analyst · Podcast host
Ryan covers global equity markets, interest rate cycles, and the macro forces reshaping capital flows. Before Eagle One, he spent a decade at institutional trading desks writing cross-asset research for fund managers. His work translates complex monetary signals into clear investor decisions.
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Note.
For informational purposes only. Not financial advice. Past performance does not guarantee future results.
