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ALGM forms 50 Day Moving Average Resistance on July 23

Allegro MicroSystems, Inc. (ALGM) — Daily Technical Analysis & Swing Trading Signals · Jul 23, 2026, 17:47 ET
On Thursday, July 23rd, ALGM moved up 0.42% while volume was to 0.9× the usual levels. The session formed a 50 DMA Resistance, often signaling a possible continuation. Key support levels exist at 48.77, 47.47 & 45.91, with resistance at 51.63, 53.19 & 54.49.

Current SwingTradeBot Technical Rating of ALGM: B

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Allegro MicroSystems, Inc. (ALGM)