ALLEGRO MICROSYSTEMS INC (ALGM)

US01749D1054 - Common Stock

32.48  +0.99 (+3.14%)

After market: 32.99 +0.51 (+1.57%)

Technical Rating and Analysis

6

Overall ALGM gets a technical rating of 6 out of 10. In the last year, ALGM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

71% of all other stocks performed better in the past year than ALGM.
ALGM is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 62% of 106 stocks in the same industry do better.
ALGM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ALGM has a been trading in the 28.46 - 32.63 range, which is quite wide. It is currently trading near the high of this range.
ALGM has an average volume of 1721330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
ALGM Weekly chart
ALGM Daily chart
Setup Rating and Analysis

5

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.

Support and Resistance Analysis

24.61

32.80

We found 5 important support areas.

  • Support @32.44 from a horizontal line in the daily time frame.
  • A support zone ranging from 30.68 to 31.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @26.87 from a trend line in the weekly time frame.
  • A support zone ranging from 26.32 to 26.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @24.86 from a horizontal line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.8
Mansfield-2.25
10 Day High32.63
10 Day Low30.01
20 Day High32.63
20 Day Low28.46
52 Week High53.05
52 Week Low24.66
Performance
1 Week5.87%
2 Weeks3.94%
1 Month11.46%
3 Month19.06%
6 Month-15.39%
12 Month-28.46%
2 Year14.37%
3 Year28.13%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)64.02
LBB30.17
UBB32.21
ALGM Daily chart

ALLEGRO MICROSYSTEMS INC

NASDAQ:ALGM (3/1/2024, 7:01:11 PM)

After market: 32.99 +0.51 (+1.57%)

32.48

+0.99 (+3.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.14%
1 Week5.87%
2 Weeks3.94%
1 Month11.46%
3 Month19.06%
6 Month-15.39%
12 Month-28.46%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.03
ATR(20)%3.2%
ATR Inc
Range Today1.08
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High32.63
10 Day Low30.01
20 Day High32.63
20 Day Low28.46
52 Week High53.05
52 Week Low24.66
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.81M
Volume Incr-17.95%
Vol(5)1.76M
Vol(50)1.72M