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Stock Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
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.
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MarketClub’s Trade Triangles for ALGM
The long-term trend has been DOWN since Jul 30th, 2024 at 23.64
The intermediate-term trend has been UP since Nov 26th, 2024 at 22.94
The short-term trend has been UP since Dec 11th, 2024 at 22.06
Smart Scan Analysis for ALGM
Based on our trend formula, ALGM is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.29 | 22.11 | 20.85 | 21.97 | +0.93 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.96 | 1179609 | 2024-12-11 15:59:40 |
| 52wk High | 33.26 | 52wk High Date | 2024-07-16 |
| 52wk Low | 18.59 | 52wk Low Date | 2024-11-15 |
| Average Volume | 2,018,067 | Shares Outstanding | 183,984 |
| Assets | 149,211,700M | Liabilities | 554,803,000M |
| P/E Ratio | 57.9211 |