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Vanguard Global ex-U.S. Real Estate (VNQI) Enters Oversold Territory

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In trading on Tuesday, shares of the Vanguard Global ex-U.S. Real Estate ETF (NASDAQ:VNQI) entered into oversold territory, changing hands as low as $38.73 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 30.0.

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 $36.02 per share, with $45.38 as the 52 week high point — that compares with a last trade of $38.74. Vanguard Global ex-U.S. Real Estate shares are currently trading down about 1.8% on the day.