ALGM Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Allegro Microsystems Inc (ALGM) Moving Averages Convergence Divergence (MACD) indicator is -0.969, suggesting ALGM is Sell.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 37.028, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it Sell.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 33.55, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it Sell.

Technical Analysis for ALGM

Technical Sentiment Analysis for Allegro Microsystems Inc (ALGM) As of 2026-03-11, Allegro Microsystems Inc (ALGM) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 3 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALGM stands at 39.58, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.969, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 24.691 and the Commodity Channel Index (CCI) at -94.012 further confirm a -5.06 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ALGM is trading above its 60-day moving average of $33.55 and above its 200-day long-term moving average of $31.181. Key price levels to watch include the immediate resistance at $38.039 and strong support at $30.614. A break above $38.039 could signal a bull continuation, while falling below $30.614 may test the next Fibonacci floor at $26.984.

Allegro Microsystems Inc (ALGM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	23.189	26.984	30.614	34.409	38.039	41.834	45.464
Fibonacci	26.984	29.821	31.573	34.409	37.246	38.998	41.834

Allegro Microsystems Inc (ALGM) Technical Indicators

2026-03-11

Name	Value
RSI_14	39.58
STOCHk_14_3_3	24.691
STOCHd_14_3_3	16.925
CCI_20	-94.012
AO_5_34	-4.233
MOM_10	-5.06
MACD_12_26_9	-0.969

Allegro Microsystems Inc (ALGM) Relative Strength Index (RSI) is 39.58, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic Oscillator is 24.691, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic RSI is 16.925, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Commodity Channel Index (CCI) is -94.012, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Awesome Oscillator is -4.233, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Momentum is -5.06, creating a Sell signal.

Allegro Microsystems Inc (ALGM) MACD is -0.969, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Moving Average

2026-03-11

Period	Simple	Signal
MA_5	32.762	Buy
MA_10	34.243	Sell
MA_20	37.028	Sell
MA_60	33.55	Sell
MA_200	31.181	Buy
MA_250	29.547	Buy

Allegro Microsystems Inc (ALGM) 5-Day simple moving average is 32.762, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it a Buy.

Allegro Microsystems Inc (ALGM) 10-Day simple moving average is 34.243, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it a Sell.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 37.028, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it a Sell.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 33.55, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it a Sell.

Allegro Microsystems Inc (ALGM) 200-Day simple moving average is 31.181, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it a Buy.

Allegro Microsystems Inc (ALGM) 250-Day simple moving average is 29.547, while Allegro Microsystems Inc (ALGM) share price is $33.06, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for ALGM?

The overall technical consensus for Allegro Microsystems Inc (ALGM) is currently Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 0 buy signals and 3 sell signals.

What are the key support and resistance levels for Allegro Microsystems Inc (ALGM) today?

Based on pivot point calculations, Allegro Microsystems Inc (ALGM) has an immediate support level at 30.614 and a major resistance level at 38.039. Traders also monitor the pivot point at 34.409 to determine the intraday trend direction.

Is Allegro Microsystems Inc (ALGM) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Allegro Microsystems Inc (ALGM) is currently 39.58. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Allegro Microsystems Inc (ALGM)?

Allegro Microsystems Inc (ALGM) Moving Averages Convergence Divergence (MACD) indicator is -0.969, suggesting ALGM is Sell. This indicator helps identify potential trend reversals or momentum shifts for Allegro Microsystems Inc.

How is Allegro Microsystems Inc (ALGM) performing relative to its 200-day moving average?

Allegro Microsystems Inc (ALGM) is currently trading at $33.06, which is above its 200-day simple moving average of 31.181. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.