ALGM NASDAQ
Allegro MicroSystems
STAY LONG
Close
36.76
Prev.Close
37.51
Change
-0.7500
Change%
-2.00%
BEARISH EVENING STAR
Bought at
31.51
Open
37.11
High
37.39
Low
36.60
Close
36.76
Gain%
+16.66%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to STAY LONG. The previous BUY signal was issued on 06/23/2025, 18 days ago, when the stock price was 31.51. Since then, ALGM has risen by +16.66%.
Market Outlook
Today's candlestick analysis unveiled a new bearish pattern, signaling market participants to remain vigilant. Market focus has shifted to the downside. Based on this pattern, in response to the emerging market bearishness, the system has established new confirmation and stop-loss levels. The signal tells us to STAY LONG, but the chance of a bearish confirmation that will change the signal to <SELL is very high. The Delayed Intraday Module is ON. Given the risks involved, we highly recommend closely monitoring intraday price movements.
Pattern Description
This is a three-candlestick formation indicating a significant top reversal. It consists of a white candlestick followed by a small candlestick, which typically gaps up to form a star. The third candlestick is black and closes well within the bullish candlestick’s real body from the first session. This is a notable reversal pattern. more...
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