ALLEGRO MICROSYSTEMS INC (ALGM) Stock Technical Analysis
NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD
Overall ALGM gets a technical rating of 8 out of 10. In the last year, ALGM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ALGM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 86% of 108 stocks in the same industry.
In the last month ALGM has a been trading in the 21.16 - 29.45 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ALGM has an average volume of 2996620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ALGM did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ALGM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ALGM has an excellent technical rating, it does not present a decent entry opportunity 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
21.36
29.85
We found 2 important support areas.
- A support zone ranging from 22.01 to 22.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.58 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @28.31 from a horizontal line in the daily time frame.
- Resistance @29.55 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
CRS83.63
Mansfield0.7
10 Day High29.45
10 Day Low21.16
20 Day High29.45
20 Day Low21.16
52 Week High33.26
52 Week Low18.59
Performance
1 Week24.26%
2 Weeks4.13%
1 Month10.8%
3 Month30.65%
6 Month30.28%
12 Month-11.13%
2 Year-42.26%
3 Year-2.43%
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)0.28
RSI(14)60.34
LBB21.42
UBB29.72
27.71
-0.6 (-2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.12%
1 Week24.26%
2 Weeks4.13%
1 Month10.8%
3 Month30.65%
6 Month30.28%
12 Month-11.13%
2 Year-42.26%
3 Year-2.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.02
ATR(20)%6.51%
ATR Inc27.49%
Range Today2.07
ADR(20)1.6
ADR(20)%5.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.63
Mansfield0.7
10 Day High29.45
10 Day Low21.16
20 Day High29.45
20 Day Low21.16
52 Week High33.26
52 Week Low18.59
CS1 End22.19
CR1 Start28.31
Volume & EV
DER(3)2.7%
DER(5)2.31%
Volume7.68M
Volume Incr163%
Vol(5)7.62M
Vol(50)3.00M