Allegro MicroSystems (ALGM, $24.94) Moving Average Convergence Divergence (MACD) Histogram turned negative on March 12, 2025

#Semiconductors, #TechnicalAnalysis, #MACD, #Bearish, #Stocks, #MidCap
ALGM - Allegro MicroSystems
MACD signal
Bearish Trend
80%
Odds of DOWN Trend
Price: $24.94
Daily change: -$0.53 (-2.08%)
Daily volume: 3M
Capitalization: $4.6B
Industry: Semiconductors

This is a Bearish indicator signaling ALGM's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 41 similar cases where ALGM's MACD histogram became negative, and 33 of them led to successful outcomes. Odds of Success: 80%.