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ALGM forms 20 Day Moving Average Support on July 2

Allegro MicroSystems, Inc. (ALGM) — SwingTradeBot Technical Analysis Report · Jul 2, 2026, 17:34 ET
On Thursday, July 2nd, ALGM moved down 12.22% while volume increased to 1.4× the usual levels. Multiple bullish signals emerged — 20 DMA Support and Wide Range Bar — suggesting potential strength ahead. Key support levels exist at 50.96, 46.44 & 40.0, with resistance at 61.92, 68.36 & 72.88.

Current SwingTradeBot Technical Rating of ALGM: A

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Allegro MicroSystems, Inc. (ALGM)