In the case of iShares 0-5 Year TIPS Bond, the RSI reading has hit 29.96 — by comparison, the RSI reading for the S&P 500 is currently 76.0. A bullish investor could look at STIP's 29.96 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), STIP's low point in its 52 week range is $101.98 per share, with $104.16 as the 52 week high point — that compares with a last trade of $102.56. iShares 0-5 Year TIPS Bond shares are currently trading off about 1.1% on the day.
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Further STIP Research:
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