Investor Warren Buffett’s advice is to be fearful when others are greedy and greedy when others are fearful. The Relative Strength Index (RSI) is a technical analysis indicator that measures momentum on a scale of zero to 100. Elastic NV (ESTC) shares entered oversold territory with an RSI reading of 20.4, while the S&P 500 ETF (SPY) had an RSI of 55.8. This could signal a buying opportunity as selling pressure may be easing. ESTC has a 52-week low of $60.86 and a high of $136.06, currently trading at $75.64. For more oversold stocks, check out the link provided.

Read more at Nasdaq: Oversold Conditions For Elastic (ESTC)