ACWI Crosses Critical Technical Indicator
In the case of iShares MSCI ACWI Index Fund, the RSI reading has hit 28.7 — by comparison, the RSI reading for the S&P 500 is currently 35.3.
A bullish investor could look at ACWI's 28.7 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), ACWI's low point in its 52 week range is $41.93 per share, with $54.53 as the 52 week high point — that compares with a last trade of $48.84. iShares MSCI ACWI Index Fund shares are currently trading down about 2.4% on the day.