$31.620
-0.724 (-2.29%)At close
Price Predictions
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ALGM Prediction & Forecast by Similar Chart Analysis
Alphio's ALGM stock price prediction model matches the current Allegro Microsystems Inc tape against historical breakout patterns, then publishes 1-day and 1-week targets first. The 1-day print is $32.18 (+1.77%). The 1-week path is $33.29 (+5.27%). Longer windows use the same pattern set plus seasonality; the 1-month and multi-year forecasts sit behind unlock because they include precise min / avg / max bands.
Should I Buy Allegro Microsystems Inc Stock?
Allegro Microsystems Inc is currently not a strong buy due to its recent price decline and mixed financial performance. The current price is $35.57, which is significantly below the 200-day simple moving average of $40.54, indicating a bearish trend. The RSI is at 36.77, suggesting the stock is nearing oversold territory but not yet a clear buy signal. Although the company has shown a strong revenue growth of 23% year-over-year, reaching $890 million, the forward P/E ratio of 35.84 indicates the stock may be overvalued at this price level. The main risk is the recent 10.02% decline in the stock price over the last five days, which reflects market volatility and uncertainty.
ALGM stock price ended at $31.62 on Friday, after losing -2.29%
Allegro Microsystems Inc (ALGM) last closed at $31.62, losing -2.29%. These facts feed the 1-day and 1-week ALGM price prediction above.
Forecast Drivers
Allegro Microsystems Inc (ALGM) forecast drivers combine similar chart patterns, seasonality, and moving averages.
Similar patterns
Bullish
Seasonality
Bullish
SMA 20
Bearish
SMA 200
Bearish
Similar Chart Patterns
Stocks whose recent price path most closely matches ALGM, ranked by similarity.
Seasonality analysis for ALGM
Historically the probability of a positive October return for ALGM is 60.34%. February offers the highest probability of a positive month at 93.10%, while April is the weakest seasonal window. Alphio blends this calendar with technical signals and similar chart pattern matching before it writes the forecast.
10-year price projections for ALGM
| Month | Min Price | Avg Price | Max Price | Potential ROI |
|---|---|---|---|---|
| Oct 2026 | $19.71 | $22.81 | $26.19 | -27.86% |
| Nov 2026 | $17.92 | $21.95 | $27.62 | -30.57% |
| Dec 2026 | $24.01 | $25.33 | $27.15 | -19.88% |
In 2026, Allegro Microsystems Inc (ALGM) is projected to range from $17.92 to $27.62.
Allegro Microsystems Inc 2026 monthly forecast
In Oct 2026, Allegro Microsystems Inc is projected to average $22.81, with a low of $19.71 and high of $26.19.
In Nov 2026, Allegro Microsystems Inc is projected to average $21.95, with a low of $17.92 and high of $27.62.
In Dec 2026, Allegro Microsystems Inc is projected to average $25.33, with a low of $24.01 and high of $27.15.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.