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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Allegro MicroSystems, Inc. (NASDAQ:ALGM)
Weak Downtrend (-65) - ALGM is showing signs of a strengthening downtrend. Monitor ALGM as it may be building momentum to the downside.
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 Jul 10th, 2024 at 31.82
The intermediate-term trend has been DOWN since Jul 24th, 2024 at 27.63
The short-term trend has been DOWN since Jul 18th, 2024 at 31.21
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).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.7700 | 24.8200 | 23.9900 | 24.1699 | -0.1401 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.3100 | 4606315 | 2024-07-26 15:59:47 |
| 52wk High | 52.26 | 52wk High Date | 2023-07-31 |
| 52wk Low | 23.64 | 52wk Low Date | 2024-05-09 |
| Average Volume | 2,209,660 | Shares Outstanding | 193,748 |
| Assets | 153,060,300M | Liabilities | 400,168,000M |
| P/E Ratio | 31.1667 |
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