ALLEGRO MICROSYSTEMS INC (ALGM)
US01749D1054 - Common Stock
We assign a technical rating of 0 out of 10 to ALGM. ALGM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
93% 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. 80% of 109 stocks in the same industry do better.
ALGM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ALGM is lagging the market.
In the last month ALGM has a been trading in the 23.99 - 33.26 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ALGM has an average volume of 1812530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of ALGM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
23.91
32.80
When analyzing the resistance we notice one important area.
- Resistance @32.48 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.8
Mansfield-2.87
10 Day High33.26
10 Day Low23.99
20 Day High33.26
20 Day Low23.99
52 Week High52.26
52 Week Low23.64
Performance
1 Week-16.12%
2 Weeks-23.16%
1 Month-14.33%
3 Month-19.77%
6 Month-9.75%
12 Month-52.5%
2 Year-2.74%
3 Year-11.89%
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)-0.87
RSI(14)28.29
LBB23.47
UBB35.37
ALLEGRO MICROSYSTEMS INC
NASDAQ:ALGM (7/26/2024, 7:16:00 PM)
After market: 24.3391 +0.19 (+0.78%)24.15
-0.16 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.66%
1 Week-16.12%
2 Weeks-23.16%
1 Month-14.33%
3 Month-19.77%
6 Month-9.75%
12 Month-52.5%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.5
ATR(20)%5.57%
ATR Inc
Range Today0.83
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 High33.26
10 Day Low23.99
20 Day High33.26
20 Day Low23.99
52 Week High52.26
52 Week Low23.64
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.85M
Volume Incr377.51%
Vol(5)6.46M
Vol(50)1.81M