CACI International Enters Oversold Territory with RSI at 29.8

CACI International Inc's stock has reached oversold levels, indicated by an RSI of 29.8. This signals potential entry points for bullish investors as recent heavy selling may be exhausting itself. The current stock price stands at $433.80, well above its 52-week low of $314.06.

Date: 11-12-2024

AI Rating: 6

According to the report, CACI International Inc (CACI) has recently entered oversold territory with a Relative Strength Index (RSI) reading of 29.8. An RSI below 30 suggests that the stock has been heavily sold off, potentially signaling a buying opportunity for optimistic investors. The current trading price for CACI is noted at $433.80 per share.

The report highlights that CACI's 52-week low stands at $314.06, while its 52-week high reaches $588.26, indicating a significant range within which the stock has been fluctuating.

Looking at the broader market context, the current RSI for the S&P 500 ETF (SPY) is quoted at 65.1, suggesting that while CACI is experiencing downward pressure, the market as a whole may not be undergoing the same level of selling. This divergence could attract theorematically inclined investors who see the potential in CACI after significant declines.

Stocks: CACI