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 -1.335, suggesting ALGM is Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 31.693, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it Sell.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 34.594, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it Sell.

Technical Analysis for ALGM

Technical Sentiment Analysis for Allegro Microsystems Inc (ALGM) As of 2026-03-31, Allegro Microsystems Inc (ALGM) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 8 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALGM stands at 46.275, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -1.335, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 29.035 and the Commodity Channel Index (CCI) at -70.325 further confirm a -0.53 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ALGM is trading above its 60-day moving average of $34.594 and above its 200-day long-term moving average of $31.429. Key price levels to watch include the immediate resistance at $33.7 and strong support at $28. A break above $33.7 could signal a bull continuation, while falling below $28 may test the next Fibonacci floor at $24.975.

Allegro Microsystems Inc (ALGM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	22.3	24.975	28	30.675	33.7	36.375	39.4
Fibonacci	24.975	27.152	28.498	30.675	32.852	34.198	36.375

Allegro Microsystems Inc (ALGM) Technical Indicators

2026-03-31

Name	Value
RSI_14	46.275
STOCHk_14_3_3	29.035
STOCHd_14_3_3	28.702
CCI_20	-70.325
AO_5_34	-3.725
MOM_10	-0.53
MACD_12_26_9	-1.335

Allegro Microsystems Inc (ALGM) Relative Strength Index (RSI) is 46.275, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic Oscillator is 29.035, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic RSI is 28.702, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Commodity Channel Index (CCI) is -70.325, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Awesome Oscillator is -3.725, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Momentum is -0.53, creating a Sell signal.

Allegro Microsystems Inc (ALGM) MACD is -1.335, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Moving Average

2026-03-31

Period	Simple	Signal
MA_5	30.71	Buy
MA_10	31.025	Buy
MA_20	31.693	Sell
MA_60	34.594	Sell
MA_200	31.429	Buy
MA_250	29.808	Buy

Allegro Microsystems Inc (ALGM) 5-Day simple moving average is 30.71, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it a Buy.

Allegro Microsystems Inc (ALGM) 10-Day simple moving average is 31.025, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it a Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 31.693, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it a Sell.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 34.594, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it a Sell.

Allegro Microsystems Inc (ALGM) 200-Day simple moving average is 31.429, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it a Buy.

Allegro Microsystems Inc (ALGM) 250-Day simple moving average is 29.808, while Allegro Microsystems Inc (ALGM) share price is $31.53, making it a Buy.

People Also Watch

Frequently Asked Questions

What is the current technical consensus for ALGM?

The overall technical consensus for Allegro Microsystems Inc (ALGM) is currently Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 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 28 and a major resistance level at 33.7. Traders also monitor the pivot point at 30.675 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 46.275. 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 -1.335, suggesting ALGM is 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 $31.53, which is above its 200-day simple moving average of 31.429. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.