Technical Analysis for ALGM - Allegro MicroSystems, Inc.

Grade Last Price % Change Price Change
D 29.65 -0.34% -0.10
ALGM closed down 0.34 percent on Friday, May 17, 2024, on 66 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
200 DMA Resistance Bearish -0.34%
Shooting Star Candlestick Bearish -0.34%
MACD Bullish Signal Line Cross Bullish -0.34%
Calm After Storm Range Contraction -0.34%
NR7 Range Contraction -0.34%
Stochastic Reached Overbought Strength -0.34%

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Profile

Allegro MicroSystems, Inc. Description

Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor ICs and application-specific analog power ICs for motion control and energy-efficient systems in automotive and industrial markets. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; Power ICs comprising motor driver ICs, and regulator and LED driver ICs, as well as photonic and 3D sensing components for LiDAR applications. The company sells its products to OEMs and suppliers primarily in the automotive and industrial markets through its direct sales force, distributors, and independent sales representatives. It operates in the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire.


Classification

Sector: Technology
Industry: Semiconductors
Keywords: Lidar Motion Control Monolithic Power Systems Maxim Integrated Microsystems

Is ALGM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 53.048
52 Week Low 23.64
Average Volume 1,520,430
200-Day Moving Average 30.20
50-Day Moving Average 28.01
20-Day Moving Average 28.92
10-Day Moving Average 28.93
Average True Range 1.26
RSI (14) 55.75
ADX 19.03
+DI 27.87
-DI 36.12
Chandelier Exit (Long, 3 ATRs) 26.96
Chandelier Exit (Short, 3 ATRs) 27.41
Upper Bollinger Bands 31.49
Lower Bollinger Band 26.35
Percent B (%b) 0.64
BandWidth 17.76
MACD Line 0.34
MACD Signal Line 0.29
MACD Histogram 0.0429
Fundamentals Value
Market Cap 5.73 Billion
Num Shares 193 Million
EPS 1.14
Price-to-Earnings (P/E) Ratio 26.01
Price-to-Sales 5.67
Price-to-Book 5.23
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.84
Resistance 3 (R3) 30.79 30.34 30.64
Resistance 2 (R2) 30.34 30.04 30.37 30.57
Resistance 1 (R1) 30.00 29.85 29.77 30.05 30.51
Pivot Point 29.55 29.55 29.44 29.58 29.55
Support 1 (S1) 29.21 29.25 28.98 29.26 28.79
Support 2 (S2) 28.76 29.06 28.79 28.73
Support 3 (S3) 28.42 28.76 28.66
Support 4 (S4) 28.47