Endava PLC Stock Hits Oversold Territory with RSI at 29.1

Endava PLC's stock enters oversold territory, prompting potential buying opportunities. With an RSI of 29.1, investors may find an entry point, indicating a possible recovery.

Date: 20-03-2025

AI Rating: 6

RSI Indicator: Endava PLC (DAVA) has registered an RSI of 29.1, indicating it is in oversold territory as it dropped to $21 per share. This suggests that the stock has been heavily sold and may offer a buying opportunity for investors as selling pressure could be waning. The RSI of the S&P 500 ETF (SPY) stands at 45.1, which is comparatively higher and reflects a different sentiment in the broader market.

52-Week Range: Endava's stock performance can also be assessed through its 52-week range, with a low of $20.495 and a high of $39.46. The last trade was at $21.79, which is closer to the low point, emphasizing a potential undervaluation. This can be enticing for investors looking for a rebound or recovery phase in the stock's performance.

While the report does not provide specifics related to earnings per share (EPS), revenue growth, net income, profit margins, free cash flow, or return on equity, the RSI and current trading price may influence investor sentiment and future stock price movements for Endava PLC. Appearing oversold, DAVA could attract those looking for a bargain amid the recent sell-off.

Stocks: DAVA SPY