Legendary investor Warren Buffett advises to be fearful when others are greedy and greedy when others are fearful. The Relative Strength Index (RSI) measures stock momentum on a scale of zero to 100, with a reading below 30 indicating oversold conditions. Coinbase Global Inc (COIN) hit an RSI of 29.8, signaling potential buying opportunities.

In trading, COIN shares reached oversold territory at $232.8057, compared to the S&P 500 ETF’s RSI of 59.1. With a 52-week range of $142.58 to $444.645, COIN was last traded at $236.61. This may indicate that recent heavy selling is tapering off, potentially leading to entry points for buyers.

To discover more oversold stocks, visit the link provided. The author’s views do not necessarily reflect those of Nasdaq, Inc.

Read more at Nasdaq: Coinbase Global Enters Oversold Territory (COIN)