Technical Analysis for ALGM - Allegro MicroSystems, Inc.

Grade Last Price % Change Price Change
D 28.77 8.28% 2.20
ALGM closed up 8.28 percent on Wednesday, April 24, 2024, on 1.34 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
Earnings due: May 8
*** please verify all earnings dates ***
4 Watchers
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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
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
20 DMA Resistance Bearish 8.28%
Bullish Engulfing Bullish 8.28%

   Recent Intraday Alerts

Alert Time
Rose Above 50 DMA about 14 hours ago
50 DMA Resistance about 16 hours ago
60 Minute Opening Range Breakout about 16 hours ago
Up 2 ATRs about 20 hours ago
1.5x Volume Pace about 20 hours ago

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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 24.655
Average Volume 1,596,008
200-Day Moving Average 31.90
50-Day Moving Average 28.62
20-Day Moving Average 26.79
10-Day Moving Average 26.95
Average True Range 1.02
RSI (14) 58.16
ADX 13.05
+DI 34.10
-DI 23.54
Chandelier Exit (Long, 3 ATRs) 25.74
Chandelier Exit (Short, 3 ATRs) 28.52
Upper Bollinger Bands 28.32
Lower Bollinger Band 25.25
Percent B (%b) 1.15
BandWidth 11.48
MACD Line -0.29
MACD Signal Line -0.50
MACD Histogram 0.2128
Fundamentals Value
Market Cap 5.56 Billion
Num Shares 193 Million
EPS 1.14
Price-to-Earnings (P/E) Ratio 25.24
Price-to-Sales 5.67
Price-to-Book 5.23
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.28
Resistance 3 (R3) 30.12 29.47 30.03
Resistance 2 (R2) 29.47 29.08 29.54 29.94
Resistance 1 (R1) 29.12 28.85 29.29 29.27 29.86
Pivot Point 28.46 28.46 28.55 28.54 28.46
Support 1 (S1) 28.11 28.08 28.29 28.27 27.68
Support 2 (S2) 27.46 27.84 27.53 27.60
Support 3 (S3) 27.11 27.46 27.51
Support 4 (S4) 27.26