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Stock Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Allegro MicroSystems, Inc. (NASDAQ:ALGM)

Countertrend Down (-85) - ALGM is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
29.47 29.76 28.77 29.17 -0.42
Entry Signal

MarketClub’s Trade Triangles for ALGM

long term down The long-term trend has been DOWN since May 9th, 2024 at 25.45

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2024 at 28.56

short term up The short-term trend has been UP since Jun 12th, 2024 at 30.25

Smart Scan Analysis for ALGM

Based on our trend formula, ALGM is rated as a -85 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
29.47 29.76 28.77 29.17 -0.42
Prev. Close Volume Bid Ask Time
29.59 314530 2024-06-13 12:43:53
52wk High53.0552wk High Date2023-07-19
52wk Low23.6452wk Low Date2024-05-09
Average Volume1,203,126Shares Outstanding193,748
P/E Ratio37.9359
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