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 2.713, suggesting ALGM.O is Strong buy.

Allegro Microsystems Inc (ALGM.O) 20-Day simple moving average is 34.679, while Allegro Microsystems Inc (ALGM.O) share price is $41.57, making it Buy.

Allegro Microsystems Inc (ALGM.O) 60-Day simple moving average is 29.447, while Allegro Microsystems Inc (ALGM.O) share price is $41.57, making it Buy.

Technical Analysis for ALGM

Technical Sentiment Analysis for Allegro Microsystems Inc (ALGM) As of 2026-02-06, Allegro Microsystems Inc (ALGM) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 10 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALGM stands at 77.455, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 2.713, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 81.022 and the Commodity Channel Index (CCI) at 159.209 further confirm a 8.58 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ALGM is trading below its 60-day moving average of $29.447 and below its 200-day long-term moving average of $29.512. Key price levels to watch include the immediate resistance at $41.857 and strong support at $31.932. A break above $41.857 could signal a bull continuation, while falling below $31.932 may test the next Fibonacci floor at $26.933.

Allegro Microsystems Inc (ALGM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	22.007	26.933	31.932	36.858	41.857	46.783	51.782
Fibonacci	26.933	30.725	33.067	36.858	40.65	42.992	46.783

Allegro Microsystems Inc (ALGM) Technical Indicators

2026-02-06

Name	Value
RSI_14	77.455
STOCHk_14_3_3	81.022
STOCHd_14_3_3	79.054
CCI_20	159.209
AO_5_34	6.878
MOM_10	8.58
MACD_12_26_9	2.713

Allegro Microsystems Inc (ALGM) Relative Strength Index (RSI) is 77.455, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Stochastic Oscillator is 81.022, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Stochastic RSI is 79.054, creating a Neutral signal.

Allegro Microsystems Inc (ALGM) Commodity Channel Index (CCI) is 159.209, creating a Sell signal.

Allegro Microsystems Inc (ALGM) Awesome Oscillator is 6.878, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Momentum is 8.58, creating a Buy signal.

Allegro Microsystems Inc (ALGM) MACD is 2.713, creating a Buy signal.

Allegro Microsystems Inc (ALGM) Moving Average

2026-02-06

Period	Simple	Signal
MA_5	38.942	Buy
MA_10	36.93	Buy
MA_20	34.679	Buy
MA_60	29.447	Buy
MA_200	29.512	Buy
MA_250	28.476	Buy

Allegro Microsystems Inc (ALGM) 5-Day simple moving average is 38.942, while Allegro Microsystems Inc (ALGM) share price is $41.57, making it a Buy.

Allegro Microsystems Inc (ALGM) 10-Day simple moving average is 36.93, while Allegro Microsystems Inc (ALGM) share price is $41.57, making it a Buy.

Allegro Microsystems Inc (ALGM) 20-Day simple moving average is 34.679, while Allegro Microsystems Inc (ALGM) share price is $41.57, making it a Buy.

Allegro Microsystems Inc (ALGM) 60-Day simple moving average is 29.447, while Allegro Microsystems Inc (ALGM) share price is $41.57, making it a Buy.

Allegro Microsystems Inc (ALGM) 200-Day simple moving average is 29.512, while Allegro Microsystems Inc (ALGM) share price is $41.57, making it a Buy.

Allegro Microsystems Inc (ALGM) 250-Day simple moving average is 28.476, while Allegro Microsystems Inc (ALGM) share price is $41.57, 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 4 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 31.932 and a major resistance level at 41.857. Traders also monitor the pivot point at 36.858 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 77.455. 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 2.713, 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 $41.57, which is above its 200-day simple moving average of 29.512. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.