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 2.495, suggesting ALGM is Strong Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 49.948, while Allegro Microsystems Inc (ALGM) share price is $59, making it Buy.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 43.796, while Allegro Microsystems Inc (ALGM) share price is $59, making it Buy.

Technical Analysis for ALGM

Technical Sentiment Analysis for Allegro Microsystems Inc (ALGM) As of 2026-06-18, Allegro Microsystems Inc (ALGM) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 10 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALGM stands at 65.734, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 2.495, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 78.698 and the Commodity Channel Index (CCI) at 198.477 further confirm a 5.38 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ALGM is trading above its 60-day moving average of $43.796 and above its 200-day long-term moving average of $34.731. Key price levels to watch include the immediate resistance at $58.972 and strong support at $42.687. A break above $58.972 could signal a bull continuation, while falling below $42.687 may test the next Fibonacci floor at $34.836.

Allegro Microsystems Inc (ALGM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	26.402	34.836	42.687	51.121	58.972	67.406	75.257
Fibonacci	34.836	41.057	44.9	51.121	57.342	61.185	67.406

Allegro Microsystems Inc (ALGM) Technical Indicators

2026-06-18

Name	Value
RSI_14	65.734
STOCHk_14_3_3	78.698
STOCHd_14_3_3	77.749
CCI_20	198.477
AO_5_34	6.136
MOM_10	5.38
MACD_12_26_9	2.495

Allegro Microsystems Inc (ALGM) Relative Strength Index (RSI) is 65.734, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic Oscillator is 78.698, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic RSI is 77.749, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Commodity Channel Index (CCI) is 198.477, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Awesome Oscillator is 6.136, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Momentum is 5.38, creating a Buy signal.

Allegro Microsystems Inc (ALGM) MACD is 2.495, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Moving Average

2026-06-18

Period	Simple	Signal
MA_5	54.335	Buy
MA_10	50.538	Buy
MA_20	49.948	Buy
MA_60	43.796	Buy
MA_200	34.731	Buy
MA_250	34.43	Buy

Allegro Microsystems Inc (ALGM) 5-Day simple moving average is 54.335, while Allegro Microsystems Inc (ALGM) share price is $59, making it a Buy.

Allegro Microsystems Inc (ALGM) 10-Day simple moving average is 50.538, while Allegro Microsystems Inc (ALGM) share price is $59, making it a Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 49.948, while Allegro Microsystems Inc (ALGM) share price is $59, making it a Buy.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 43.796, while Allegro Microsystems Inc (ALGM) share price is $59, making it a Buy.

Allegro Microsystems Inc (ALGM) 200-Day simple moving average is 34.731, while Allegro Microsystems Inc (ALGM) share price is $59, making it a Buy.

Allegro Microsystems Inc (ALGM) 250-Day simple moving average is 34.43, while Allegro Microsystems Inc (ALGM) share price is $59, 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 Strong Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 2 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 42.687 and a major resistance level at 58.972. Traders also monitor the pivot point at 51.121 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 65.734. 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 2.495, suggesting ALGM is Strong Buy. 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 $59, which is above its 200-day simple moving average of 34.731. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.