Allegro MicroSystems (ALGM, $28.31) Moving Average Convergence Divergence (MACD) Histogram turned positive on March 6, 2025

#Semiconductors, #TechnicalAnalysis, #MACD, #Bullish, #Stocks, #MidCap
ALGM - Allegro MicroSystems
MACD signal
Bullish Trend
85%
Odds of UP Trend
MACD signal
Price: $28.31
Daily change: +$1.53 (+5.71%)
Daily volume: 9.6M
Capitalization: $5.2B
Industry: Semiconductors

This is a Bullish indicator signaling ALGM's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 41 similar cases where ALGM's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 85%.