ALGM- Waiting for confirmation signalsALGM- Waiting for confirmation signals
-Head n Shoulder pattern.
-More supply zone at the last key level support.
-Waiting for confirmation, and go dump!
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−0.34 USD
152.70 M USD
1.05 B USD
122.30 M
About Allegro MicroSystems, Inc.
Sector
Industry
CEO
Michael C. Doogue
Website
Headquarters
Manchester
Founded
2013
FIGI
BBG00H5S8391
Allegro MicroSystems, Inc. engages in the development and manufacture of sensor integrated circuits (“ICs”) and application-specific analog power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and light emitting diode driver ICs. The company was founded on March 30, 2013 and is headquartered in Manchester, NH.
Is coming backPrice has been accumulating since Jul 2024 and it has been poking the 25.5 resistance level. Eventually is going to break it up, not sure when but keep adding at every pull back. SL triggers if the pattern is busted, a weekly candle closes below the 22.
ALGM potential Buy setupReasons for bullish bias:
- Price gave range breakout
- Price bounced from support
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 33.15
Stop Loss Level: 26.46
Take Profit Level 1: 39.84
Take Profit Level 2: 46.53
Take Profit Level 3: Open
ALGM - developing a double bottomALGM seems to breakout a 31.36 - 31.42 resistance it tested twice in December, forming a double bottom pattern, what might indicate a reversal of a downtrend it suffered last year. 31.36 is an important .236 retracement level of a major correction wave from the last year, while 31.42 is a full local
ALGM - developing double bottomALGM seems to breakout a 31.36 - 31.42 resistance it tested twice in December, forming a double bottom pattern, what might indicate a reversal of a downtrend it suffered last year. 31.36 is an important .236 retracement level of a major correction wave from the last year, while 31.42 is a full local
Breakout incoming Allegro take a boost on Friday scoring a +5% but it’s only the beginning
Price is now ready to cross downtrend purple line breaking bearish trend
I think price will rise strongly after breakout
Beware of earnings on 1 February
Strong upside channelAllegro is moving inside a strong upside channel
Solid earnings growth can take to a +30% in the next months
Bullish divergence & long term supportWith bullish divergence on the RSI and long term support, not a bad time to hop in. Only 1% trade with a tight stop loss. Note the limit order still a bit lower.
ALGM Potential BreakoutBased on daily chart, the moving average almost forming a golden cross. Then, the weekly chart shows a potential rebound from oversold region.
LIFT OFFFinally broke the top resistance very strong.
Be careful with Powell in 2 days. Take gainz when you get them!
See all ideas
Summarizing what the indicators are suggesting.
Neutral
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Strong sellStrong buy
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Neutral
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Neutral
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Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of ALGM is 18.06 USD — it has decreased by −4.60% in the past 24 hours. Watch Allegro MicroSystems, Inc. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NASDAQ exchange Allegro MicroSystems, Inc. stocks are traded under the ticker ALGM.
ALGM stock has fallen by −18.10% compared to the previous week, the month change is a −31.77% fall, over the last year Allegro MicroSystems, Inc. has showed a −33.16% decrease.
We've gathered analysts' opinions on Allegro MicroSystems, Inc. future price: according to them, ALGM price has a max estimate of 35.00 USD and a min estimate of 25.00 USD. Watch ALGM chart and read a more detailed Allegro MicroSystems, Inc. stock forecast: see what analysts think of Allegro MicroSystems, Inc. and suggest that you do with its stocks.
ALGM reached its all-time high on Jul 19, 2023 with the price of 53.05 USD, and its all-time low was 16.78 USD and was reached on Oct 30, 2020. View more price dynamics on ALGM chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
ALGM stock is 7.73% volatile and has beta coefficient of 1.43. Track Allegro MicroSystems, Inc. stock price on the chart and check out the list of the most volatile stocks — is Allegro MicroSystems, Inc. there?
Today Allegro MicroSystems, Inc. has the market capitalization of 3.33 B, it has decreased by −14.42% over the last week.
Yes, you can track Allegro MicroSystems, Inc. financials in yearly and quarterly reports right on TradingView.
Allegro MicroSystems, Inc. is going to release the next earnings report on May 8, 2025. Keep track of upcoming events with our Earnings Calendar.
ALGM earnings for the last quarter are 0.07 USD per share, whereas the estimation was 0.064 USD resulting in a 9.53% surprise. The estimated earnings for the next quarter are 0.049 USD per share. See more details about Allegro MicroSystems, Inc. earnings.
Allegro MicroSystems, Inc. revenue for the last quarter amounts to 177.87 M USD, despite the estimated figure of 176.32 M USD. In the next quarter, revenue is expected to reach 185.36 M USD.
ALGM net income for the last quarter is −6.86 M USD, while the quarter before that showed −33.67 M USD of net income which accounts for 79.63% change. Track more Allegro MicroSystems, Inc. financial stats to get the full picture.
No, ALGM doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Apr 18, 2025, the company has 4.59 K employees. See our rating of the largest employees — is Allegro MicroSystems, Inc. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Allegro MicroSystems, Inc. EBITDA is 102.41 M USD, and current EBITDA margin is 26.76%. See more stats in Allegro MicroSystems, Inc. financial statements.
Like other stocks, ALGM shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Allegro MicroSystems, Inc. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Allegro MicroSystems, Inc. technincal analysis shows the sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Allegro MicroSystems, Inc. stock shows the strong sell signal. See more of Allegro MicroSystems, Inc. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.