Fintech stock Fiserv Inc. (NASDAQ: FISV) has been going through one of its sharpest selloffs ever. Shares have fallen almost 50% in two weeks, adding to an already horrendous year, and sending the stock back to 2017 price levels. Fiserv shares are now down roughly 70% from March’s all-time high, a stunning reversal for what had been one of the S&P 500’s best-performing stocks last year.
This decline has been so severe that it’s now in the record books. Fiserv’s relative strength index (RSI), a technical momentum indicator, has sunk to its lowest level ever. In four decades of trading, the stock has never been this technically oversold. That alone captures the scale of the stock’s selloff, but for some, it also raises the question of whether this might be the perfect entry point for a comeback. Let’s take a closer look.
