Question 1

What implications does the 10-day RSI indicator have for ALGM?

Accepted Answer

The RSI Indicator for ALGM moved out of oversold territory on August 08, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In 18 of the 22 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about ALGM's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 3

How did ALGM's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on ALGM as a result. In 47 of 60 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for ALGM?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for ALGM just turned positive on August 13, 2024. Looking at past instances where ALGM's MACD turned positive, the stock continued to rise in 29 of 35 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for ALGM?

Accepted Answer

Following a +7.90% 3-day Advance, the price is estimated to grow further. Considering data from situations where ALGM advanced for three days, in 184 of 235 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for ALGM's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALGM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 81%.

Question 7

How does the Aroon Indicator reflect on ALGM's trend?

Accepted Answer

The Aroon Indicator for ALGM entered a downward trend on August 16, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ALGM Stock Tickeron detected bullish Stock Pattern: Triangle Symmetrical Bottom ALGM on April 24, 2024, netting in a 14.69% gain over 2 weeks

ALGM's RSI Oscillator ascends from oversold territory

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