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Is ALGM preparing to trend higher? New 52 Week Closing High shows up after rocketing 14.74%

Allegro MicroSystems, Inc. (ALGM) — Daily Technical Analysis & Swing Trading Signals · Jun 29, 2026, 19:57 ET
On Monday, June 29th, ALGM moved up 14.74% while volume surged to 2.4× the usual levels. The unusually high volume suggests institutional participation in today's move. Multiple bullish signals emerged — New 52 Week High, Wide Range Bar, New 52 Week Closing High, Stochastic Reached Overbought & Expansion Breakout — suggesting potential strength ahead. Key support levels exist at 59.99, 53.61 & 49.9, with resistance at 70.08, 73.79 & 80.17. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.

Current SwingTradeBot Technical Rating of ALGM: A

There’s more where that came from. See all of today’s signals for ALGM here.

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Allegro MicroSystems, Inc. (ALGM)