---
title: "SPOG Crosses Critical Technical Indicator"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284443995.md"
description: "In trading on Tuesday, shares of the Leverage Shares 2X Long SPOT Daily ETF (SPOG) fell to $5.48, entering oversold territory with an RSI of 27.2, compared to the S&P 500's 66.4. This suggests heavy selling may be exhausting, presenting potential buying opportunities. SPOG's 52-week range is $5.48 to $15.27, with a last trade at $5.88, down 25.7% for the day."
datetime: "2026-04-28T20:25:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284443995.md)
  - [en](https://longbridge.com/en/news/284443995.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284443995.md)
---

# SPOG Crosses Critical Technical Indicator

In trading on Tuesday, shares of the Leverage Shares 2X Long SPOT Daily ETF (Symbol: SPOG) entered into oversold territory, changing hands as low as $5.48 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 Leverage Shares 2X Long SPOT Daily, the RSI reading has hit 27.2 — by comparison, the RSI reading for the S&P 500 is currently 66.4. A bullish investor could look at SPOG's 27.2 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), SPOG's low point in its 52 week range is $5.48 per share, with $15.27 as the 52 week high point — that compares with a last trade of $5.88. Leverage Shares 2X Long SPOT Daily shares are currently trading down about 25.7% on the day.

* * *

Project your dividend income with confidence: **Income Calendar** tracks your income portfolio like a personal assistant.

 Find out what 9 other oversold stocks you need to know about »

##### Also see:

• Bill Ackman Stock Picks  
• Funds Holding ZGNX  
• Past Earnings

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

### Related Stocks

- [SPOG.US](https://longbridge.com/en/quote/SPOG.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md)

## Related News & Research

- [A Look At Rush Street Interactive (RSI) Valuation After S&P SmallCap 600 Addition And Record Quarter](https://longbridge.com/en/news/289531619.md)
- [Will XRP explode? The rare RSI signal that preceded every major rally just flashed again](https://longbridge.com/en/news/289244275.md)
- [Ethereum’s RSI Just Hit Its Lowest Level In History, And That May Be Exactly The Point](https://longbridge.com/en/news/288972465.md)
- [Rare technical signal points to bullish outlook for Brazil ETF, Tavares says](https://longbridge.com/en/news/289299043.md)
- [BTC hangs by a thread: a life-or-death struggle at $60,000](https://longbridge.com/en/news/289171364.md)