ALLEGRO MICROSYSTEMS INC (ALGM)
US01749D1054 - Common Stock
Taking everything into account, ALGM scores 4 out of 10 in our technical rating. In the past year, ALGM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ALGM is a bad performer in the overall market: 83% of all stocks are doing better.
ALGM is part of the Semiconductors & Semiconductor Equipment industry. There are 108 other stocks in this industry, of which 73% are performing better than ALGM.
ALGM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ALGM has an average volume of 1994640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ALGM has a been trading in the 20.50 - 23.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALGM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.16, a Stop Loss order could be placed below this zone.
More info and screens
21.09
30.40
When analyzing the support we notice one important area.
- A support zone ranging from 21.30 to 22.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.28 to 22.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.31 from a horizontal line in the daily time frame.
- Resistance @30.10 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.19
Mansfield-2.35
10 Day High23.13
10 Day Low20.68
20 Day High23.13
20 Day Low20.5
52 Week High33.26
52 Week Low18.59
Performance
1 Week5.85%
2 Weeks1.41%
1 Month3.25%
3 Month-8.39%
6 Month-21.14%
12 Month-26.43%
2 Year-25.82%
3 Year-38.45%
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)0.07
RSI(14)55.75
LBB20.74
UBB22.73
ALLEGRO MICROSYSTEMS INC
NASDAQ:ALGM (12/26/2024, 5:50:16 PM)
After market: 22.27 0 (0%)22.27
+0.01 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.04%
1 Week5.85%
2 Weeks1.41%
1 Month3.25%
3 Month-8.39%
6 Month-21.14%
12 Month-26.43%
2 Year-25.82%
3 Year-38.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1
ATR(20)%4.38%
ATR Inc-41.82%
Range Today0.66
ADR(20)0.96
ADR(20)%4.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.19
Mansfield-2.35
10 Day High23.13
10 Day Low20.68
20 Day High23.13
20 Day Low20.5
52 Week High33.26
52 Week Low18.59
CS1 End22.16
CR1 Start22.28
Volume & EV
DER(3)0.01%
DER(5)0.72%
Volume770.62K
Volume Incr33.12%
Vol(5)2.69M
Vol(50)1.99M