In trading on Tuesday, shares of the Multi-Asset Diversified Income Index Fund ETF ( MDIV) entered into oversold territory, changing hands as low as $18.08 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 Multi-Asset Diversified Income Index Fund, the RSI reading has hit 25.8 — by comparison, the RSI reading for the S&P 500 is currently 38.7. A bullish investor could look at MDIV's 25.8 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), MDIV's low point in its 52 week range is $16.20 per share, with $19.85 as the 52 week high point — that compares with a last trade of $18.11. Multi-Asset Diversified Income Index Fund shares are currently trading off about 1.3% on the day.