In trading on Friday, shares of the International SmallCap Values ETF ( DLS) entered into oversold territory, changing hands as low as $55.36 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 International SmallCap Values, the RSI reading has hit 28.1 — by comparison, the RSI reading for the S&P 500 is currently 45.8. A bullish investor could look at DLS's 28.1 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), DLS's low point in its 52 week range is $54.81 per share, with $66.27 as the 52 week high point — that compares with a last trade of $55.45. International SmallCap Values shares are currently trading off about 0.5% on the day.