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 1.777, suggesting ALGM is Strong Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 47.07, while Allegro Microsystems Inc (ALGM) share price is $47.87, making it Buy.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 39.407, while Allegro Microsystems Inc (ALGM) share price is $47.87, making it Buy.

Technical Analysis for ALGM

Technical Sentiment Analysis for Allegro Microsystems Inc (ALGM) As of 2026-05-29, Allegro Microsystems Inc (ALGM) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 8 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 55.898, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 1.777, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 78.701 and the Commodity Channel Index (CCI) at 66.785 further confirm a 2.9 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ALGM is trading above its 60-day moving average of $39.407 and above its 200-day long-term moving average of $33.368. Key price levels to watch include the immediate resistance at $52.664 and strong support at $39.434. A break above $52.664 could signal a bull continuation, while falling below $39.434 may test the next Fibonacci floor at $32.887.

Allegro Microsystems Inc (ALGM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	26.204	32.887	39.434	46.117	52.664	59.347	65.894
Fibonacci	32.887	37.941	41.063	46.117	51.171	54.293	59.347

Allegro Microsystems Inc (ALGM) Technical Indicators

2026-05-29

Name	Value
RSI_14	55.898
STOCHk_14_3_3	78.701
STOCHd_14_3_3	81.175
CCI_20	66.785
AO_5_34	4.44
MOM_10	2.9
MACD_12_26_9	1.777

Allegro Microsystems Inc (ALGM) Relative Strength Index (RSI) is 55.898, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic Oscillator is 78.701, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic RSI is 81.175, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Commodity Channel Index (CCI) is 66.785, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Awesome Oscillator is 4.44, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Momentum is 2.9, creating a Buy signal.

Allegro Microsystems Inc (ALGM) MACD is 1.777, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Moving Average

2026-05-29

Period	Simple	Signal
MA_5	48.936	Sell
MA_10	45.981	Buy
MA_20	47.07	Buy
MA_60	39.407	Buy
MA_200	33.368	Buy
MA_250	33.233	Buy

Allegro Microsystems Inc (ALGM) 5-Day simple moving average is 48.936, while Allegro Microsystems Inc (ALGM) share price is $47.87, making it a Sell.

Allegro Microsystems Inc (ALGM) 10-Day simple moving average is 45.981, while Allegro Microsystems Inc (ALGM) share price is $47.87, making it a Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 47.07, while Allegro Microsystems Inc (ALGM) share price is $47.87, making it a Buy.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 39.407, while Allegro Microsystems Inc (ALGM) share price is $47.87, making it a Buy.

Allegro Microsystems Inc (ALGM) 200-Day simple moving average is 33.368, while Allegro Microsystems Inc (ALGM) share price is $47.87, making it a Buy.

Allegro Microsystems Inc (ALGM) 250-Day simple moving average is 33.233, while Allegro Microsystems Inc (ALGM) share price is $47.87, 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 3 buy signals and 1 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 39.434 and a major resistance level at 52.664. Traders also monitor the pivot point at 46.117 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 55.898. 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 1.777, 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 $47.87, which is above its 200-day simple moving average of 33.368. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.