(ALGM) complete technical analysis [charts+indicators] | Buy/Sell | (ALGM) share price targets
Complete technical analysis of (ALGM) by charts plus indicators, forecast predictions and share price targets for (ALGM)
Showing technical analysis as on 2024-03-06 View latest technical analysis
10 day averaged volume of is 1748380
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Wed Mar 2024 | 30.56 | 30.07 | 31.42 | 29.79 | 0.91 times |
| 05 Tue Mar 2024 | 29.42 | 30.68 | 30.94 | 29.11 | 0.899 times |
| 04 Mon Mar 2024 | 31.08 | 32.45 | 32.45 | 30.47 | 1.882 times |
| 01 Fri Mar 2024 | 32.48 | 31.55 | 32.63 | 31.55 | 1.037 times |
| 29 Thu Feb 2024 | 31.49 | 31.25 | 31.56 | 30.67 | 0.92 times |
| 28 Wed Feb 2024 | 30.79 | 30.47 | 30.96 | 30.28 | 0.793 times |
| 27 Tue Feb 2024 | 30.94 | 31.48 | 31.68 | 30.94 | 1.555 times |
| 26 Mon Feb 2024 | 31.72 | 30.96 | 31.90 | 30.83 | 0.733 times |
| 23 Fri Feb 2024 | 30.68 | 31.07 | 31.07 | 30.47 | 0.593 times |
| 22 Thu Feb 2024 | 31.09 | 31.69 | 31.95 | 31.05 | 0.748 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 30.3 as stoploss in an intra day buy trade for a target of 30.99. However, stock will show a bearish move below 30.3.
Share price targets for (ALGM)
| Target Type | Value |
| Downside Target | 24.66 |
| Downside Target | 25.82 |
| Downside Target | 28.70 |
| Downside Target | 30.01 |
| Upside Target | 31.42 |
| Upside Target | 31.95 |
| Upside Target | 32.04 |
| Upside Target | 32.45 |
| Upside Target | 32.50 |
| Upside Target | 32.63 |
Intraday share price targets for (ALGM)
| Target Type | Value |
| Downside Intraday Target | 28.96 |
| Downside Intraday Target | 27.37 |
| Upside Intraday Target | 32.3 |
| Upside Intraday Target | 34.05 |
| Upside Intraday Target | 30.71 |
Weekly technical analysis of (ALGM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Wed Mar 2024 | 30.56 | 32.45 | 32.45 | 29.11 | 0.733 times |
| 01 Fri Mar 2024 | 32.48 | 30.96 | 32.63 | 30.28 | 1.677 times |
| 23 Fri Feb 2024 | 30.68 | 30.72 | 31.95 | 30.01 | 0.473 times |
| 16 Fri Feb 2024 | 31.15 | 31.55 | 32.50 | 30.09 | 1.18 times |
| 09 Fri Feb 2024 | 31.53 | 28.88 | 32.04 | 28.70 | 0.613 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of (ALGM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Wed Mar 2024 | 30.56 | 31.55 | 32.63 | 29.11 | 0.19 times |
| 29 Thu Feb 2024 | 31.49 | 25.88 | 32.50 | 25.82 | 1.253 times |
| 31 Wed Jan 2024 | 25.94 | 29.90 | 30.13 | 25.00 | 1.304 times |
| 29 Fri Dec 2023 | 30.27 | 27.15 | 31.42 | 26.20 | 0.934 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of (ALGM)
Price action analysis of ( (ALGM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (ALGM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (ALGM) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (ALGM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for in short term but the sell signal is initial and weak.
Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 31.05 and (ALGM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the (ALGM) stock. Volume based technical analysis of (ALGM) stock is negative.
Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of ( (ALGM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (ALGM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (ALGM) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of ( (ALGM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for in short term but the sell signal is initial and weak.
Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 31.05 and (ALGM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the (ALGM) stock. Volume based technical analysis of (ALGM) stock is negative.
Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.