Why is ALGM Down 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: 65%
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: -4.7%
Market Comparison
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Historical Context
ALGM has moved more than 3.0% down on 47 occasions in the past year.
Frequently Asked Questions
Why is ALGM stock down today?
This appears to be a sector-wide move. The SEMICONDUCTORS & RELATED DEVICES sector is down 4.7% on average.
Is ALGM stock a buy or sell right now?
Based on current analysis, ALGM shows 65% 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 $33.93. Based on today's momentum, the expected short-term range is $32.91 - $34.61. See long-term price prediction →
Will ALGM stock continue falling?
Our analysis shows a 45% probability that ALGM's move continues in the next 1-3 days. Key level to watch: $32.23 (support).
Is ALGM stock oversold or overbought?
ALGM's RSI (Relative Strength Index) is currently at 37.7. 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 -3.15. Strong bearish momentum - the stock is experiencing significant downward pressure. Watch for potential reversal signals.
Is ALGM outperforming or underperforming the market?
ALGM (-4.61%) is currently significantly underperforming the market (-4.5% vs SPY). Today, the S&P 500 (SPY) is down -0.06%, and Nasdaq (QQQ) is down -0.70%.
What does MACD indicate for ALGM?
ALGM's MACD (-0.4) is currently above the signal line (-0.42), indicating a bullish trend. This technical signal suggests buying pressure is dominant. The trend strength (ADX: 18.3) is weak.
Is ALGM in an uptrend or downtrend?
Based on moving average analysis, ALGM is in a bearish trend. The price ($33.93) is trading below both the 20-day SMA ($35.86) and 50-day SMA ($37.65). This alignment typically indicates sustained downward pressure.
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