NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD
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.
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.
32.42
2 important support areas can be observed.
We found 1 important resistance area.
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 | NEUTRAL | NEUTRAL | The short term trend for ALGM is neutral. |
ChartMill Relative Strength | 93.53 | POSITIVE | ALGM has a high relative strength, it outperformed 93.53% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALGM is below 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) | 51.81 | NEUTRAL | The RSI value for ALGM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests ALGM has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 18 | OVERSOLD | The low Stochastics value suggests ALGM may be oversold. |
Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGM suggests some volalility. |
Average Directional Index/ADX (14) | 32.34 | POSITIVE | The high ADX value value for ALGM suggests a strong trend. |
34.01
-0.36 (-1.05%)