In trading on Monday, shares of the Daily Total Bond Market Bear 1x Shares ETF ( SAGG) entered into oversold territory, changing hands as low as $35.12 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 Daily Total Bond Market Bear 1x Shares, the RSI reading has hit 28.5 — by comparison, the RSI reading for the S&P 500 is currently 33.7. A bullish investor could look at SAGG's 28.5 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), SAGG's low point in its 52 week range is $34.87 per share, with $37.61 as the 52 week high point — that compares with a last trade of $35.14. Daily Total Bond Market Bear 1x Shares shares are currently trading down about 0.2% on the day.