ALLEGRO MICROSYSTEMS INC (ALGM) Stock Technical Analysis
USA - NASDAQ:ALGM - US01749D1054 - Common Stock
29.055 USD
-0.27 (-0.94%)
29.14 USD
+0.09 (+0.29%)
Taking everything into account, ALGM scores 2 out of 10 in our technical rating. ALGM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ALGM has an average volume of 1590830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that ALGM is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ALGM is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 45% of 112 stocks in the same industry.
ALGM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALGM is lagging the market.
In the last month ALGM has a been trading in the 25.87 - 32.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ALGM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.31. Right above this resistance zone may be a good entry point.
More info and screens
25.10
32.45
2 important support areas can be observed.
- A support zone ranging from 25.91 to 26.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.35 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.31 to 30.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.45 to 32.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for ALGM is neutral. |
| ChartMill Relative Strength | 70.42 | POSITIVE | ALGM has a high relative strength, it outperformed 70.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALGM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALGM is below a declining 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) | 49.73 | NEUTRAL | The RSI value for ALGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ALGM has a positive trend. |
| Stochastics (14,3) | 76.09 | NEUTRAL | The Stochastics value for ALGM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGM suggests some volalility. |
| Average Directional Index/ADX (14) | 26.58 | POSITIVE | The high ADX value value for ALGM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
29.055
-0.27 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.94%
1 Week12.09%
2 Weeks2.6%
1 Month-7.62%
3 Month-20.66%
6 Month60.88%
12 Month40.29%
2 Year11.92%
3 Year14.34%
5 Year58.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.25
ATR(20)%3.99%
ATR Inc-37.89%
Range Today0.82
ADR(20)1.08
ADR(20)%3.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.42
Mansfield0.05
10 Day High29.65
10 Day Low25.87
20 Day High32.11
20 Day Low25.87
52 Week High38.45
52 Week Low16.38
CS1 End26.31
CR1 Start29.31
Volume & EV
DER(3)1.77%
DER(5)1.94%
Volume1.77M
Volume Incr27.98%
Vol(5)2.18M
Vol(50)1.59M