Shares of TSDD Now Oversold

GraniteShares 2x Short TSLA Daily (TSDD) moved into oversold territory on May 13, with its RSI at 29.3 and intraday lows of $6.57. The ETF last traded around $6.85, down roughly 5.2% on the day, and sits near its 52-week low ($6.57) versus a 52-week high of $31.65. The report contrasts TSDD’s weak momentum with the S&P 500’s strong RSI (84.9). The technical-readout suggests selling pressure in the short-TSLA instrument may be running its course and could present entry opportunities for buyers of the leveraged short ETF—an outcome that implies continued or renewed bearish positioning on Tesla shares (TSLA).