ALLEGRO MICROSYSTEMS INC (ALGM) Stock Technical Analysis
NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD
Overall ALGM gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ALGM is a bad performer in the overall market: 84% of all stocks are doing better.
ALGM is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 61% of 109 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
ALGM has an average volume of 3771750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ALGM has a been trading in the 16.38 - 24.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of ALGM is bad and it also does not present a quality setup 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.
More info and screens
18.93
27.98
When analyzing the support we notice one important area.
- A support zone ranging from 19.12 to 19.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @25.51 from a trend line in the weekly time frame.
- Resistance @26.83 from a trend line in the weekly time frame.
- Resistance @27.70 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
CRS16
Mansfield-2.15
10 Day High19.56
10 Day Low16.38
20 Day High24.87
20 Day Low16.38
52 Week High33.26
52 Week Low16.38
Performance
1 Week-0.21%
2 Weeks-0.53%
1 Month-27.33%
3 Month-21.83%
6 Month-10.76%
12 Month-37.17%
2 Year-52.12%
3 Year-26.87%
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)0.14
RSI(14)40.98
LBB15.84
UBB22.13
NASDAQ:ALGM (5/2/2025, 3:24:01 PM)
19.495
+0.67 (+3.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.53%
1 Week-0.21%
2 Weeks-0.53%
1 Month-27.33%
3 Month-21.83%
6 Month-10.76%
12 Month-37.17%
2 Year-52.12%
3 Year-26.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%10.55%
ATR Inc-46.36%
Range Today0.74
ADR(20)1.7
ADR(20)%8.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16
Mansfield-2.15
10 Day High19.56
10 Day Low16.38
20 Day High24.87
20 Day Low16.38
52 Week High33.26
52 Week Low16.38
CS1 EndN/A
CR1 Start19.12
Volume & EV
DER(3)-0.56%
DER(5)-1.18%
Volume1.28M
Volume Incr-51.42%
Vol(5)2.02M
Vol(50)3.77M