Ingram Micro Hits Oversold Territory, RSI at 26.7

Ingram Micro's shares have entered oversold territory with an RSI of 26.7. This could provide potential buying opportunities as the momentum suggests heavy selling may be exhausting.

Date: 05-03-2025

AI Rating: 6

Ingram Micro's RSI Reading
The report highlights that Ingram Micro Holding Corporation (INGM) has an RSI reading of 26.7, indicating that the stock is considered oversold. This could suggest that the recent heavy selling pressure on the stock might be nearing its end, presenting a potential buying opportunity for bullish investors.

Furthermore, with the S&P 500 ETF (SPY) currently at an RSI of 33.8, INGM shows a significantly stronger oversold signal.

Ingram Micro's trading price has been noted as low as $18.94, with a recent close at $19.27. The historical performance indicates a 52-week low of $18.90 and a high of $25.69. This significant deviation from its high could attract traders looking for a rebound, especially given its position in the oversold category.

**Potential Investor Sentiment**
Investors often view an RSI below 30 as a signal of overselling, which can lead to a reversal in price direction as buying interest may return once fear subsides in the market. As such, the sentiment right now could be slightly tilted towards the optimistic side for INGM as investors may start contemplating entry points at these lows.

Stocks: INGM SPY