In trading on Thursday, shares of the iShares Asia/Pacific Dividend 30 Index Fund ETF (DVYA) entered into oversold territory, changing hands as low as $52.20 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.In the case of iShares Asia/Pacific Dividend 30 Index Fund, the RSI reading has hit 27.1 — by comparison, the RSI reading for the S&P 500 is currently 44.2. A bullish investor could look at DVYA's 27.1 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), DVYA's low point in its 52 week range is $47.59 per share, with $62.15 as the 52 week high point — that compares with a last trade of $52.20. iShares Asia/Pacific Dividend 30 Index Fund shares are currently trading off about 3.5% on the day.