| ALGM NASDAQ |
| Allegro Microsystems Inc • Semiconductors |
| Fri 28 Mar, close | |
Long TradeTarget 1:
29.72 Profit:
19.5% Stop/Trailing Stop: 23.83
Loss:
4.1% P/L ratio: 4.8 : 1 - Excellent
Target 2:
30.87 Profit:
24.2% P/L ratio: 5.9 : 1 - Excellent Extreme rally
Breakout 
Long 
Short Good long trade quality (tight stop, etc...) and mild bullish overallDefault chart
Quote 24.86 -0.67,-2.6% L 24.02 O 25.02 H 25.67 Volume 3.04mil +21.3% typical 52 Wk 19 to 33.2 Earnings recent Jan 30 pMkt Link PEG na P/E na Short 12.50%Div na EPS -0.34Mkt Cap 4.58B |
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https://stockconsultant.com/?ALGM
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Top ˄Fri 28 Mar, close
8 Month Detailed Chart
100%
Good long trade quality (tight stop, etc...) and mild bullish overall
Scale +/-0(min) to 10(max)
QUOTE
24.86, -0.67 pts (-2.6%), Fri 28 Mar, close
strong down from yesterday's close.
Today's
L 24.02 O 25.02 H 25.67Typical price range:
24.93 to
26.13 ± 0.597 pts, ± 2.4%
Extreme price range (85% of time)
24.34 to
26.72 ± 1.19 pts, ± 4.8%
VOLUME
3.04mil shares, +21.3% compared to typical daily volume over the past 6 months.
Typical daily volume is 2.51mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 3.76 pts (15.1%) occurs 25% of the time.
Extreme: 4.89 pts (19.7%) occurs 5% of the time.
| A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Intermediate trend bullish, Uptrend.
[Positioning] at support
BEARISH
[Timing] Strong bearish 3 day candlestick pattern with Good 3 day distribution.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
strong down (-0.67 pts, -2.6%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
Neutral, odds equally favor long and short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
SUPPORT/RESISTANCE
24.86, at support,
24.97 ± 0.599
type triple+,
strength 10
Support Below : -5.6% at
23.47 ± 0.563
type triple,
strength 3
Resistance Above : +10.6% at
27.49 ± 0.66
type double,
strength 10
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Strong bearish 3 day candlestick pattern.
Good 3 day distribution, occurs 40% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Strong Neutral 1 day moneyflow,
stalemate between bulls and bears, occurs 20% of the time.
BREAKOUT
None.
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
24.86, at support,
24.97 ± 0.599
type triple+,
strength 10
SUPPORT BELOW
-5.6% at 23.47 ± 0.563 type triple,
strength 3
-9.2% at 22.57 ± 0.542 type double,
strength 10
-13.5% at 21.51 ± 0.516 type triple+,
strength 10
...
RESISTANCE ABOVE
+10.6% at 27.49 ± 0.66 type double,
strength 10
70%
Trade Quality
Long
TARGET 1
Price:
29.72 Profit:
19.5% (Typical rally)
Stop/Trailing Stop: 23.83 Loss: 4.1%
P/L Ratio: 4.8 : 1 - Excellent
POTENTIAL
Good, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
+10.6% at
27.49 ± 0.66
type double,
strength 10
+19.5% at 29.72 is Target 1
TARGET 2
Price:
30.87 Profit:
24.2% P/L Ratio: 5.9 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
None.
0%
Trade Quality
Short
TARGET 1
Price:
23.47 Profit:
5.6% (Typical pullback)
Cover/Trailing Cover: 25.98 Loss: 4.5%
P/L Ratio: 1.2 : 1 - Poor
POTENTIAL
Excellent, there are 1 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 1 SUPPORT
Current price at support:
24.97 ± 0.599
type triple+,
strength 10
-5.6% at 23.47 is Target 1
TARGET 2
Price:
21.95 Profit:
11.7% P/L Ratio: 2.6 : 1 - Good
(Extreme pullback)
Breakdown trade indicators.
1%
0.2%
