ALGM NEWS why is Allegro Microsystems Inc price falling or rising

ALGM NEWS reasons for why stock price of Allegro Microsystems Inc is falling or rising

ALGM Allegro Microsystems is falling or rising technical reasons

Technical analysis forecast of Allegro Microsystems 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 Allegro Microsystems ALGM at this time. Stock is rising and might rise more.

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

Stock of Allegro Microsystems (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 Allegro Microsystems 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.

ALGM Allegro Microsystems is falling or rising NEWS fundamental reasons

More announcements and NEWS

ALGM Allegro Microsystems Inc current price & indicator signals

Moving Averages for Allegro Microsystems Inc

  • 5Day Average: 22.01
  • 12Day Average: 21.66
  • 20Day Average: 20.96
  • 50Day Average: 21.22
  • 100Day Average: 22.32
  • 150Day Average: 24.74
  • 200Day Average: 25.61

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 Allegro Microsystems Inc 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

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ALGM NEWS why is Allegro Microsystems Inc price falling or rising

 

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