Technical Analysis for ALGM - Allegro MicroSystems, Inc.

Grade Last Price % Change Price Change
A 47.99 1.29% 0.61
ALGM closed up 1.29 percent on Friday, March 31, 2023, on 58 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. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Inside Day Range Contraction 0.00%
BB Squeeze Ended Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%

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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.


Sector: Technology
Industry: Semiconductors
Keywords: IBD 50 Motion Control Lidar Monolithic Power Systems Manchester 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


Indicator Value
52 Week High 48.3
52 Week Low 19.2022
Average Volume 1,663,315
200-Day Moving Average 29.79
50-Day Moving Average 42.86
20-Day Moving Average 45.79
10-Day Moving Average 46.58
Average True Range 1.74
RSI 62.83
ADX 29.89
+DI 27.95
-DI 16.81
Chandelier Exit (Long, 3 ATRs) 43.08
Chandelier Exit (Short, 3 ATRs) 46.53
Upper Bollinger Bands 48.05
Lower Bollinger Band 43.53
Percent B (%b) 0.99
BandWidth 9.86
MACD Line 1.21
MACD Signal Line 1.25
MACD Histogram -0.0388
Fundamentals Value
Market Cap 9.09 Billion
Num Shares 189 Million
Price-to-Sales 7.74
Price-to-Book 7.15
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.28
Resistance 3 (R3) 49.19 48.66 49.07
Resistance 2 (R2) 48.66 48.33 48.71 48.99
Resistance 1 (R1) 48.33 48.13 48.50 48.42 48.92
Pivot Point 47.80 47.80 47.89 47.85 47.80
Support 1 (S1) 47.47 47.47 47.64 47.56 47.06
Support 2 (S2) 46.94 47.27 46.99 46.99
Support 3 (S3) 46.61 46.94 46.92
Support 4 (S4) 46.70