---
title: "RSI Alert: CONMED (CNMD) Now Oversold"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281804327.md"
description: "CONMED Corp (CNMD) shares have entered oversold territory with a Relative Strength Index (RSI) of 29.4, indicating potential buying opportunities as heavy selling may be exhausting. The stock traded as low as $33.85, with a 52-week range of $33.21 to $61.08. In comparison, the S&P 500 ETF (SPY) has an RSI of 47.6. Investors may consider this RSI reading as a signal to look for entry points in CNMD shares."
datetime: "2026-04-06T23:00:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281804327.md)
  - [en](https://longbridge.com/en/news/281804327.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281804327.md)
---

# RSI Alert: CONMED (CNMD) Now Oversold

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Monday, shares of CONMED Corp (Symbol: CNMD) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $33.85 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 47.6. A bullish investor could look at CNMD's 29.4 RSI reading today 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. The chart below shows the one year performance of CNMD shares: 
Looking at the chart above, CNMD's low point in its 52 week range is $33.21 per share, with $61.08 as the 52 week high point — that compares with a last trade of $34.08.

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##### Also see:

• Stocks Insiders Are Buying But Hedge Funds Are Selling  
• Funds Holding LRAD  
• Split History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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