SanDisk’s Chart Just Repeated Its April 2025 Setup - Days Before Earnings

SanDisk (SNDK) closed Friday at $1,214.83, down 5.09%, while its daily Relative Strength Index (RSI) sank to levels last seen in April 2025. That earlier reading preceded a one-year gain of more than 570%.

The memory maker reports fiscal fourth-quarter results after Wednesday's close on August 5. The print may show whether the oversold signal marks a bottom or only a pause in the decline.

SanDisk RSI Matches the April 2025 Trough

The daily SanDisk RSI bottomed near 33 in late July, its weakest reading since April 2025. Readings below 30 signal oversold conditions, so the stock now sits at the edge of that zone.

The comparison matters because of what happened last time. In April 2025, the indicator dipped below 30 just before SNDK began the advance that lifted it more than 570% in a year. The current crash has erased roughly 48% of the stock's value from its June peak of $2,354.39.

However, oversold does not mean finished. RSI stayed depressed for weeks during the April 2025 bottoming process. A recovery above 50 would shift momentum back to neutral, while a fresh drop below 30 would suggest sellers remain in control.

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