NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD
Overall ALGM gets a technical rating of 6 out of 10. ALGM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ALGM has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
20.46
We found 2 important support areas.
When analyzing the resistance we notice 2 important areas.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ALGM is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALGM is up. |
ChartMill Relative Strength | 30.67 | NEUTRAL | ALGM is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALGM is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALGM is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALGM is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 61.82 | NEUTRAL | The RSI value for ALGM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests ALGM has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 88.53 | OVERBOUGHT | The high Stochastics value suggests ALGM may be overbought. |
Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGM suggests some volalility. |
Average Directional Index/ADX (14) | 29.98 | POSITIVE | The high ADX value value for ALGM suggests a strong trend. |
25.91
-0.37 (-1.41%)