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Stock Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Allegro MicroSystems, Inc. (NASDAQ:ALGM)

Bull Market Weakness (+75) - ALGM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ALGM as it may be in the beginning stages of a reversal.

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.

NASDAQ_ALGM
Open High Low ALGM Price Change
32.130 32.220 31.360 31.965 -0.165
Entry Signal

MarketClub’s Trade Triangles for ALGM

long term up The long-term trend has been UP since Jul 6th, 2021 at 28.270

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 31.160

short term up The short-term trend has been UP since Oct 14th, 2021 at 30.425

Smart Scan Analysis for ALGM

Based on our trend formula, ALGM is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ALGM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.130 32.220 31.360 31.965 -0.165
Prev. Close Volume Bid Ask Time
32.130 106292 2021-10-20 12:19:09
52wk High36.8552wk High Date2021-09-16
52wk Low16.7852wk Low Date2020-10-30
Average Volume434,080Shares Outstanding189,647
Assets796,887,000MLiabilities178,635,000M
P/E Ratio28.9459
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