Overbought and Oversold ETFs

Each day over at Bespoke Premium, we publish our ETF Trends report along with a downloadable Excel file with technical information for more than 200 ETFs. Below we highlight the ETFs from our report that are currently the furthest above and below their 50-day moving averages. As shown, China, Brazil and Energy ETFs top the overbought list, with GXC leading the way at 13% above its 50-day. FXI and EWZ are both 12% above, while OIL is 11.6% above. India's ETN (INP) is also close to the top of the list.

On the oversold side, precious metals ETFs are the furthest below their 50-day moving averages. GDX is 11% below, while DBS and SLV are 8% below. Currency ETFs like FXF and FXY are also on the list, although they're barely below their 50-days. It's also notable that most Fixed Income ETFs are trading below their 50-day's at the moment.

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Comments

[Richard Schweitzer]

This is a rather interesting view on overbot/sold.

Is consideration given to volume/ redemptions and increases?

[Pilot Guy]

So what?? Are you suggesting a regression to the mean in the future??
Sorry - that works in biology but not markets.