In trading on Thursday, shares of the Vanguard Total International Stock ETF (Symbol: VXUS) entered into oversold territory, changing hands as low as $60.18 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 Vanguard Total International Stock, the RSI reading has hit 29.5 — by comparison, the RSI reading for the S&P 500 is currently 24.4.
A bullish investor could look at VXUS’s 29.5 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), VXUS’s low point in its 52 week range is $59.78 per share, with $67.51 as the 52 week high point — that compares with a last trade of $60.33. Vanguard Total International Stock shares are currently trading off about 0.6% on the day.
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