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ALGM forms MACD Bearish Centerline Cross on July 16

Allegro MicroSystems, Inc. (ALGM) — Daily Technical Analysis & Swing Trading Signals · Jul 16, 2026, 17:35 ET
ALGM posted a 5.78% loss on Thursday, July 16th, accompanied by 0.6× normal trading volume. MACD Bearish Centerline Cross was spotted, which could indicate a shift in momentum. Key support levels exist at 45.72, 44.31 & 42.15, with resistance at 49.29, 51.45 & 52.86. Meanwhile, Slow Stochastic is showing oversold conditions.

Current SwingTradeBot Technical Rating of ALGM: B

What else did ALGM do today? Find out on SwingTradeBot.

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Allegro MicroSystems, Inc. (ALGM)