A look at global ETF: the most overbought and the most oversold

The RSI 7 values of all global ETFs were computed, and then sorted by monthly values. This provides an very good indication of the top oversold and overbought countries. Here they are:

Top 20 most overbought:



IDX (Indonesia) is the most overbought of all.


Top 20 most oversold:



FXP is the China double short, not really a good ETF to follow for the long term. The next most oversold is GULF (middleEast dividend).

These are the ETF and their average daily volumes: