ALLEGRO MICROSYSTEMS INC (ALGM) Technical Analysis
NASDAQ:ALGM • US01749D1054
Current stock price
ALGM Technical Rating and Analysis
Taking everything into account, ALGM scores 10 out of 10 in our technical rating. 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 and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ALGM is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by ALGM over the past year are nicely spread over this period.
- A new 52 week high is currently being made by ALGM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ALGM has a been trading in the 31.59 - 48.60 range, which is quite wide. It is currently trading near the high of this range.
- ALGM has an average volume of 2003790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ALGM is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, ALGM did better than 59% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALGM Weekly and Daily overview Charts
ALGM Setup Rating and Analysis
Although ALGM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ALGM Support and Resistance Analysis
28.26
We found 3 important support areas.
- Support @32.02 from a trend line in the weekly time frame.
- Support @29.37 from a trend line in the daily time frame.
- Support @28.55 from a trend line in the weekly time frame.
ALGM 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALGM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALGM is up. |
| ChartMill Relative Strength | 95.18 | POSITIVE | ALGM has a high relative strength, it outperformed 95.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALGM is above the rising 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) | 74.98 | OVERBOUGHT | The high RSI value suggests ALGM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests ALGM has a positive trend. |
| Stochastics (14,3) | 79.74 | NEUTRAL | The Stochastics value for ALGM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.54 | POSITIVE | The high ADX value value for ALGM suggests a strong trend. |
ALGM Chart- and CandleStick Pattern Analysis
ALGM Technicals: Chart, Performance Metrics, Trend & Indicators
48.5
+4.43 (+10.05%)
ALLEGRO MICROSYSTEMS INC / ALGM TA FAQ
What is the ChartMill technical rating of ALLEGRO MICROSYSTEMS INC (ALGM) stock?
ChartMill assigns a technical rating of 10 / 10 to ALGM.
What is the trend direction for ALGM stock?
The current trend direction for ALLEGRO MICROSYSTEMS INC (ALGM) is Bullish.
Can you provide the RSI signal for ALLEGRO MICROSYSTEMS INC?
ALLEGRO MICROSYSTEMS INC (ALGM) has an RSI value of 74.9767. This indicates that the stock is currently overbought.
What is the MACD signal for ALLEGRO MICROSYSTEMS INC (ALGM) stock?
The MACD indicator for ALLEGRO MICROSYSTEMS INC (ALGM) has a value of 0.685376, indicating a bearish trend.
Can you provide the buy/sell signal for ALLEGRO MICROSYSTEMS INC?
The buy/sell signal for ALLEGRO MICROSYSTEMS INC (ALGM) is buy as both the short term and long term trends are positive.