ALLEGRO MICROSYSTEMS INC (ALGM) Stock Technical Analysis
NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD
Overall ALGM gets a technical rating of 5 out of 10. ALGM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, ALGM is a bad performer in the overall market: 75% of all stocks are doing better.
In the last month ALGM has a been trading in the 21.50 - 25.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ALGM has an average volume of 2297070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ALGM is part of the Semiconductors & Semiconductor Equipment industry. There are 108 other stocks in this industry, ALGM did better than 50% of them.
ALGM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALGM is lagging the market.
Volume is considerably higher in the last couple of days.
ALGM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALGM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.97
30.07
We found 2 important support areas.
- A support zone ranging from 23.76 to 23.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.19 to 22.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.46 to 25.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.77 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
CRS25.53
Mansfield-1.42
10 Day High25.47
10 Day Low21.5
20 Day High25.61
20 Day Low21.5
52 Week High33.26
52 Week Low18.59
Performance
1 Week7.89%
2 Weeks-4.24%
1 Month1.01%
3 Month10.17%
6 Month4.91%
12 Month-24.07%
2 Year-45.19%
3 Year-16.5%
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)-0.12
RSI(14)53.78
LBB22.18
UBB25.61
ALLEGRO MICROSYSTEMS INC
NASDAQ:ALGM (2/4/2025, 8:26:10 PM)
After market: 23.94 0 (0%)23.94
+0.98 (+4.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg4.27%
1 Week7.89%
2 Weeks-4.24%
1 Month1.01%
3 Month10.17%
6 Month4.91%
12 Month-24.07%
2 Year-45.19%
3 Year-16.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.22
ATR(20)%4.99%
ATR Inc33.78%
Range Today1.08
ADR(20)1.05
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.53
Mansfield-1.42
10 Day High25.47
10 Day Low21.5
20 Day High25.61
20 Day Low21.5
52 Week High33.26
52 Week Low18.59
CS1 End23.93
CR1 Start24.46
Volume & EV
DER(3)3.36%
DER(5)1.51%
Volume2.01M
Volume Incr74.18%
Vol(5)3.71M
Vol(50)2.30M