NASDAQ Stock ALGM Historical charts - Allegro Microsystems Inc

Historical charts for Stock ALGM - Share Allegro Microsystems Inc trades in NASDAQ

Moving Averages for

  • 5Day Average: 22.01
  • 12Day Average: 21.66
  • 20Day Average: 20.96
  • 50Day Average: 21.22
  • 100Day Average: 22.32
  • 150Day Average: 24.74

ALGM Indicators & signals

Indicator MACD (12,26,9)

21.61, 21.38, 0.05
Indicator MACD is in positive zone

Indicator ADX (14)

24, 30.39, 18.63
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ALGM are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Tue Dec 2024 22.07 21.77 to 22.88 -1.39% 0.88 times
16 Mon Dec 2024 22.38 21.64 to 22.71 1.73% 1 times
13 Fri Dec 2024 22.00 21.27 to 22.44 1.66% 0.96 times
12 Thu Dec 2024 21.64 21.48 to 21.92 -1.46% 0.57 times
11 Wed Dec 2024 21.96 20.85 to 22.11 4.37% 0.83 times
10 Tue Dec 2024 21.04 20.50 to 21.36 -1.27% 1.05 times
09 Mon Dec 2024 21.31 21.10 to 22.06 -1.21% 0.51 times
26 Tue Nov 2024 21.57 21.42 to 22.96 0% 1.09 times
26 Tue Nov 2024 21.57 21.42 to 22.96 -3.4% 1.09 times
25 Mon Nov 2024 22.33 21.65 to 22.49 4.79% 1.33 times
22 Fri Nov 2024 21.31 20.84 to 21.52 2.7% 1.59 times
21 Thu Nov 2024 20.75 20.00 to 21.15 3.03% 3.15 times

Technical analysis forecast of ALGM Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in ALGM ALGM at this time. Stock is rising and might rise more.

It appears as if ALGM ALGM gave a large move recently.

Stock of ALGM (ALGM) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of ALGM is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 22.4 as stoploss in an intra day sell trade for a target of 21.41. However, stock will show a bullish move above 22.4.

Tomorrow's movement Prediction of ALGM appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock. If it shows signs of weakness in the latter half, then this trend can continue tomorrow as well. Similarly, if it shows signs of strength in the latter half, then this trend can continue in the next trading session as well.

Munafa value: 46

 Munafa value: 46

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NASDAQ Stock ALGM Historical charts - Share Allegro Microsystems Inc

 

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