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ALLEGRO MICROSYSTEMS INC (ALGM) Stock Technical Analysis

NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD

34.01  -0.36 (-1.05%)

After market: 34.01 0 (0%)

Technical Rating and Analysis

8

Overall ALGM gets a technical rating of 8 out of 10. Both in the recent history as in the last year, ALGM has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ALGM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. ALGM outperforms 87% of them.
ALGM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALGM is lagging the market slightly.
ALGM has an average volume of 2104560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ALGM is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ALGM has a been trading in the 32.54 - 38.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
ALLEGRO MICROSYSTEMS INC / ALGM Weekly stock chart
ALLEGRO MICROSYSTEMS INC / ALGM Daily stock chart
Setup Rating and Analysis

5

Although ALGM has an excellent technical rating, the quality of the presented setup is 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

32.42

37.90

2 important support areas can be observed.

  • Support @33.69 from a horizontal line in the weekly time frame.
  • Support @32.75 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • Resistance @37.52 from a horizontal line in the daily time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ALGM is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for ALGM is neutral.
ChartMill Relative Strength93.53POSITIVEALGM has a high relative strength, it outperformed 93.53% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of ALGM is below the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ALGM is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ALGM is above the rising SMA(200).
Relative Strength Index/RSI (14)51.81NEUTRALThe RSI value for ALGM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.63NEGATIVEThe MACD value suggests ALGM has a negative trend, although the MACD value is rising.
Stochastics (14,3)18OVERSOLDThe low Stochastics value suggests ALGM may be oversold.
Average True Range in percent/ATR (20)3.56MEDIUM VOLATILITYThe ATR as a percentage value for ALGM suggests some volalility.
Average Directional Index/ADX (14)32.34POSITIVEThe high ADX value value for ALGM suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
ALLEGRO MICROSYSTEMS INC / ALGM Daily stock chart

ALLEGRO MICROSYSTEMS INC

NASDAQ:ALGM (7/29/2025, 4:29:30 PM)

After market: 34.01 0 (0%)

34.01

-0.36 (-1.05%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.05%
1 Week-6.32%
2 Weeks-6.09%
1 Month0.56%
3 Month75.81%
6 Month42.67%
12 Month50.81%
2 Year-33.4%
3 Year38.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%3.56%
ATR Inc-10.6%
Range Today1.31
ADR(20)1.17
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.53
Mansfield2.7
10 Day High37.85
10 Day Low32.54
20 Day High38.45
20 Day Low32.54
52 Week High38.45
52 Week Low16.38
CS1 End33.69
CR1 Start37.52
Volume & EV
DER(3)-0.59%
DER(5)0.19%
Volume1.37M
Volume Incr3.61%
Vol(5)2.46M
Vol(50)2.10M