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Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Allegro MicroSystems, Inc. (NASDAQ:ALGM)

Long-Term Downtrend (-90) - ALGM is in a strong downtrend that is likely to continue. While ALGM is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
31.700 32.190 31.315 31.910 -0.030
Entry Signal

MarketClub’s Trade Triangles for ALGM

long term down The long-term trend has been DOWN since Sep 6th, 2023 at 36.52

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 44.02

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 31.40

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).

Smart Scan Analysis for ALGM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.700 32.190 31.315 31.910 -0.030
Prev. Close Volume Bid Ask Time
31.890 1092774 2023-10-02 15:59:51
52wk High53.0552wk High Date2023-07-19
52wk Low19.852wk Low Date2022-10-13
Average Volume1,394,705Shares Outstanding192,376
P/E Ratio26.1803
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