Shares of DFGR Now Oversold

In trading on Tuesday, shares of the Dimensional Global Real Estate ETF (Symbol: DFGR) entered into oversold territory, changing hands as low as $26.22 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 Dimensional Global Real Estate, the RSI reading has hit 28.8 — by comparison, the RSI reading for the S&P 500 is currently 61.9. A bullish investor could look at DFGR's 28.8 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), DFGR's low point in its 52 week range is $23.365 per share, with $29.3899 as the 52 week high point — that compares with a last trade of $26.41. Dimensional Global Real Estate shares are currently trading down about 1.9% on the day.

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