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.O) Moving Averages Convergence Divergence (MACD) indicator is 1.864, suggesting ALGM.O is Strong buy.

Allegro Microsystems Inc (ALGM.O) 20-Day simple moving average is 31.859, while Allegro Microsystems Inc (ALGM.O) share price is $37.98, making it Buy.

Allegro Microsystems Inc (ALGM.O) 60-Day simple moving average is 28.346, while Allegro Microsystems Inc (ALGM.O) share price is $37.98, making it Buy.

Technical Analysis for ALGM

Technical Sentiment Analysis for Allegro Microsystems Inc (ALGM) As of 2026-01-29, Allegro Microsystems Inc (ALGM) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 9 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALGM stands at 76.619, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 1.864, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 75.03 and the Commodity Channel Index (CCI) at 196.497 further confirm a 5.73 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ALGM is trading below its 60-day moving average of $28.346 and below its 200-day long-term moving average of $28.915. Key price levels to watch include the immediate resistance at $38.472 and strong support at $30.442. A break above $38.472 could signal a bull continuation, while falling below $30.442 may test the next Fibonacci floor at $27.136.

Allegro Microsystems Inc (ALGM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	22.413	27.136	30.442	35.166	38.472	43.195	46.501
Fibonacci	27.136	30.204	32.099	35.166	38.233	40.128	43.195

Allegro Microsystems Inc (ALGM) Technical Indicators

2026-01-29

Name	Value
RSI_14	76.619
STOCHk_14_3_3	75.03
STOCHd_14_3_3	69.852
CCI_20	196.497
AO_5_34	4.122
MOM_10	5.73
MACD_12_26_9	1.864

Allegro Microsystems Inc (ALGM) Relative Strength Index (RSI) is 76.619, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Stochastic Oscillator is 75.03, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Stochastic RSI is 69.852, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Commodity Channel Index (CCI) is 196.497, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Awesome Oscillator is 4.122, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Momentum is 5.73, creating a Buy signal.

Allegro Microsystems Inc (ALGM) MACD is 1.864, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Moving Average

2026-01-29

Period	Simple	Signal
MA_5	34.134	Buy
MA_10	33.748	Buy
MA_20	31.859	Buy
MA_60	28.346	Buy
MA_200	28.915	Buy
MA_250	28.129	Buy

Allegro Microsystems Inc (ALGM) 5-Day simple moving average is 34.134, while Allegro Microsystems Inc (ALGM) share price is $37.98, making it a Buy.

Allegro Microsystems Inc (ALGM) 10-Day simple moving average is 33.748, while Allegro Microsystems Inc (ALGM) share price is $37.98, making it a Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 31.859, while Allegro Microsystems Inc (ALGM) share price is $37.98, making it a Buy.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 28.346, while Allegro Microsystems Inc (ALGM) share price is $37.98, making it a Buy.

Allegro Microsystems Inc (ALGM) 200-Day simple moving average is 28.915, while Allegro Microsystems Inc (ALGM) share price is $37.98, making it a Buy.

Allegro Microsystems Inc (ALGM) 250-Day simple moving average is 28.129, while Allegro Microsystems Inc (ALGM) share price is $37.98, 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 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 30.442 and a major resistance level at 38.472. Traders also monitor the pivot point at 35.166 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 76.619. This indicates that the stock is in overbought 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 1.864, 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 $37.98, which is above its 200-day simple moving average of 28.915. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.