Why is ALGM Up Today?
About Allegro MicroSystems, Inc. Common Stock
Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets. Its Sensor IC allows customers to precisely measure motion, speed, position, and current, and Power ICs include high-te...
Overall Confidence: 75%
Based on news, social sentiment, options activity, and sector analysis
✅ Move Confirmation
UNCONFIRMED - Low volume suggests this move may not be sustainable.
📍 Sector Context
SEMICONDUCTORS & RELATED DEVICES sector: +0.4%
Market Comparison
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Historical Context
ALGM has moved more than 3.0% up on 49 occasions in the past year.
Frequently Asked Questions
Why is ALGM stock up today?
Options traders are heavily buying calls on ALGM, with 92% of volume in calls. This suggests bullish institutional positioning.
Is ALGM stock a buy or sell right now?
Based on current analysis, ALGM shows 75% confidence in today's move. Volume is low which does not confirm the trend. View full buy/sell analysis →
What is the ALGM stock price target?
ALGM is currently trading at $36.26. Based on today's momentum, the expected short-term range is $35.53 - $37.35. See long-term price prediction →
Will ALGM stock continue rising?
Our analysis shows a 45% probability that ALGM's move continues in the next 1-3 days. Key level to watch: $38.07 (resistance).
Is ALGM stock oversold or overbought?
ALGM's RSI (Relative Strength Index) is currently at 44.0. This shows bearish momentum - the stock has negative momentum but isn't oversold yet.
What is the momentum for ALGM stock?
ALGM's 10-day momentum indicator is at -0.96. Negative momentum - the stock has mild downward pressure which may continue short-term.
Is ALGM outperforming or underperforming the market?
ALGM (+2.14%) is currently significantly outperforming the market (+2.2% vs SPY). Today, the S&P 500 (SPY) is down -0.02%, and Nasdaq (QQQ) is up 0.81%.
What does MACD indicate for ALGM?
ALGM's MACD (-1.89) is currently above the signal line (-2.31), indicating a bullish trend. This technical signal suggests buying pressure is dominant. The trend strength (ADX: 25.3) is strong.
Is ALGM in an uptrend or downtrend?
Based on moving average analysis, ALGM is in a mixed/transitional trend. The price and moving averages are not clearly aligned, suggesting a potential trend change or consolidation phase. 20-day SMA: $35.46, 50-day SMA: $40.47.
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