Vanguard Global ex-U.S. Real Estate Getting Very Oversold

In trading on Monday, shares of the Vanguard Global ex-U.S. Real Estate ETF (Symbol: VNQI) entered into oversold territory, changing hands as low as $38.01 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 Global ex-U.S. Real Estate, the RSI reading has hit 29.1 — by comparison, the RSI reading for the S&P 500 is currently 36.9. A bullish investor could look at VNQI's 29.1 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), VNQI's low point in its 52 week range is $38.01 per share, with $47.63 as the 52 week high point — that compares with a last trade of $38.09. Vanguard Global ex-U.S. Real Estate shares are currently trading down about 0.6% on the day.

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Also see:

• Consumer Stocks Hedge Funds Are Selling
• Institutional Holders of RENE
• OVV Average Annual Return

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.