In the case of Bitwise CRCL Option Income Strategy, the RSI reading has hit 27.5 — by comparison, the RSI reading for the S&P 500 is currently 55.0. A bullish investor could look at ICRC's 27.5 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), ICRC's low point in its 52 week range is $18.32 per share, with $57.48 as the 52 week high point — that compares with a last trade of $18.32. Bitwise CRCL Option Income Strategy shares are currently trading off about 10.8% on the day.
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Further ICRC Research:
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