ALLEGRO MICROSYSTEMS INC (ALGM) Stock Technical Analysis
NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD
Taking everything into account, ALGM scores 9 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!
ALGM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 78% of 110 stocks in the same industry.
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 27.69 - 36.08 range, which is quite wide. It is currently trading near the high of this range.
ALGM has an average volume of 2449170 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 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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
33.29
36.29
We found 1 important support area.
- A support zone ranging from 33.63 to 33.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | 89.03 | POSITIVE | ALGM has a high relative strength, it outperformed 89.03% 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) | 80.89 | OVERBOUGHT | The high RSI value suggests ALGM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests ALGM has a positive trend. |
| Stochastics (14,3) | 95.96 | OVERBOUGHT | The high Stochastics value suggests ALGM may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGM suggests some volalility. |
| Average Directional Index/ADX (14) | 45.26 | POSITIVE | The high ADX value value for ALGM suggests a strong trend. |
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)
35.93
+0.21 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.59%
1 Week6.71%
2 Weeks15.64%
1 Month28.3%
3 Month68.53%
6 Month51.6%
12 Month16.88%
2 Year-30.38%
3 Year44.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.23
ATR(20)%3.28%
ATR Inc-6.11%
Range Today0.55
ADR(20)1.07
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.03
Mansfield3.7
10 Day High36.08
10 Day Low30.23
20 Day High36.08
20 Day Low27.69
52 Week High36.08
52 Week Low16.38
CS1 End33.64
CR1 StartN/A
Volume & EV
DER(3)3.95%
DER(5)2.63%
Volume683.70K
Volume Incr18.92%
Vol(5)2.32M
Vol(50)2.45M