Warren Buffett's Advice: Infy Stock Hits Oversold Level at 29

Shares of Infosys Ltd. hit an RSI of 29, indicating oversold conditions. This could present a buying opportunity for investors following Warren Buffett's strategy of being greedy when others are fearful. Bullish indicators suggest potential recovery ahead.

Date: 28-03-2025

AI Rating: 7

Stock Performance Indicators
Infosys Ltd. (INFY) has recently shown signs of being oversold with an RSI reading of 29.0, which indicates a potential buying opportunity according to technical analysis principles. This level falls below the common threshold of 30, suggesting that the stock could have been sold too heavily in the recent past.

The S&P 500 ETF (SPY) currently has a higher RSI at 38.7, aligning with broader market trends. The stark difference in RSI readings could create a pullback towards the mean in INFY, making it an attractive option for investors who believe the selling pressure will subside.

Furthermore, with a current trading price of $18.23 per share, INFY is significantly below its 52-week high of $23.63, which adds to the case for a potential uptrend. The low point in the 52-week range is $16.04, indicating that the stock has the potential for recovery without hitting new lows.

For short-term investors looking for recovery patterns, INFY’s current positioning can be a pivotal moment. It’s important to consider that while technical indicators like RSI are beneficial, they should be looked at in conjunction with a company's fundamentals for a holistic investment decision.

Stocks: INFY