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Stock Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Allegro MicroSystems, Inc. (NASDAQ:ALGM)

Long-Term Uptrend (+90) - ALGM is in a strong uptrend that is likely to continue. While ALGM is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ALGM?

MarketClub looks at technical strength and momentum to determine if the timing is right for ALGM.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low ALGM Price Change
26.00 26.53 25.84 26.08 +0.28
Entry Signal

MarketClub’s Trade Triangles for ALGM

long term up The long-term trend has been UP since Aug 3rd, 2022 at 26.39

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 21.88

short term up The short-term trend has been UP since Aug 11th, 2022 at 26.42

Smart Scan Analysis for ALGM

Based on our trend formula, ALGM is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ALGM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.00 26.53 25.84 26.08 +0.28
Prev. Close Volume Bid Ask Time
25.80 105747 2022-08-11 13:19:31
52wk High38.28152wk High Date2021-12-28
52wk Low19.202252wk Low Date2022-07-05
Average Volume485,654Shares Outstanding190,501
P/E Ratio49.6154
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