Technical Analysis for ALGM - Allegro MicroSystems, Inc.

Grade Last Price % Change Price Change
B 26.55 -2.32% -0.63
ALGM closed down 2.32 percent on Friday, June 18, 2021, on 1.82 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Down
Historical ALGM trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Gapped Down Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.32%
Doji - Bullish? Reversal -2.32%
Outside Day Range Expansion -2.32%
Slingshot Bullish Bullish Swing Setup -2.64%
Doji - Bullish? Reversal -2.64%
Older End-of-Day Signals for ALGM ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
20 DMA Support 3 days ago
Down 5% 3 days ago
60 Minute Opening Range Breakdown 3 days ago
Down 3% 3 days ago
Down 1 ATR 3 days ago
View Earlier Intraday Alerts

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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: Motion Control Lidar Monolithic Power Systems Manchester Microsystems Maxim Integrated

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 34.66
52 Week Low 16.78
Average Volume 656,870
200-Day Moving Average 0.00
50-Day Moving Average 25.76
20-Day Moving Average 26.60
10-Day Moving Average 27.25
Average True Range 0.91
ADX 17.21
+DI 18.49
-DI 21.25
Chandelier Exit (Long, 3 ATRs) 25.53
Chandelier Exit (Short, 3 ATRs) 25.82
Upper Bollinger Bands 28.43
Lower Bollinger Band 24.77
Percent B (%b) 0.49
BandWidth 13.77
MACD Line 0.52
MACD Signal Line 0.53
MACD Histogram -0.0116
Fundamentals Value
Market Cap 5.03 Billion
Num Shares 189 Million
EPS
Price-to-Sales 7.74
Price-to-Book 7.15
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.20
Resistance 3 (R3) 28.14 27.52 27.93
Resistance 2 (R2) 27.52 27.10 27.56 27.83
Resistance 1 (R1) 27.04 26.84 26.73 27.10 27.74
Pivot Point 26.42 26.42 26.27 26.46 26.42
Support 1 (S1) 25.94 26.00 25.63 26.00 25.36
Support 2 (S2) 25.32 25.74 25.36 25.27
Support 3 (S3) 24.84 25.32 25.18
Support 4 (S4) 24.90