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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.
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MarketClub’s Trade Triangles for ALGM
The long-term trend has been UP since Aug 3rd, 2022 at 26.39
The intermediate-term trend has been UP since Jul 19th, 2022 at 21.88
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).
| 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 High | 38.281 | 52wk High Date | 2021-12-28 |
| 52wk Low | 19.2022 | 52wk Low Date | 2022-07-05 |
| Average Volume | 485,654 | Shares Outstanding | 190,501 |
| Assets | 926,113,000M | Liabilities | 163,877,000M |
| P/E Ratio | 49.6154 |