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Stock Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Allegro MicroSystems, Inc. (NASDAQ:ALGM)
Crossroads (-60) - ALGM is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ALGM
The long-term trend has been UP since Feb 9th, 2024 at 31.420
The intermediate-term trend has been DOWN since Mar 5th, 2024 at 30.005
The short-term trend has been DOWN since Apr 12th, 2024 at 26.890
Smart Scan Analysis for ALGM
Based on our trend formula, ALGM is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 26.240 | 26.335 | 25.540 | 26.230 | +0.140 |
| Prev. Close | Volume | Bid | Ask | Time |
| 26.210 | 1687343 | 2024-04-22 15:59:59 |
| 52wk High | 53.05 | 52wk High Date | 2023-07-19 |
| 52wk Low | 24.655 | 52wk Low Date | 2023-11-01 |
| Average Volume | 1,294,067 | Shares Outstanding | 193,126 |
| Assets | 156,530,100M | Liabilities | 431,069,000M |
| P/E Ratio | 22.886 |