Allegro MicroSystems (ALGM, $18.06) RSI Indicator left the oversold zone on April 17, 2025

#Semiconductors, #TechnicalAnalysis, #RSI, #Bullish, #Stocks, #MidCap
ALGM - Allegro MicroSystems
RSI signal
Bullish Trend
80%
Odds of UP Trend
Price: $18.06
Daily change: -$0.87 (-4.6%)
Daily volume: 4.4M
Industry: Semiconductors

This is a signal that ALGM's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. A.I.dvisor looked back and found 25 similar cases where ALGM's RSI Indicator left the oversold zone, and in 20 of them led to a successful outcome. Odds of Success: 80%.