Shares Of FXS Now Oversold
In the case of Swedish Krona Trust, the RSI reading has hit 29.0 — by comparison, the RSI reading for the S&P 500 is currently 56.1.
A bullish investor could look at FXS's 29.0 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), FXS's low point in its 52 week range is $136.26 per share, with $158.38 as the 52 week high point — that compares with a last trade of $149.74. Swedish Krona Trust shares are currently trading off about 1.5% on the day.