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Is ALGM Worth Buying in 2026?

Allegro MicroSystems, Inc. Common Stock

STOCK SEMICONDUCTORS & RELATED DEVICES Updated 2026-08-23

Here’s whether Allegro MicroSystems, Inc. Common Stock (ALGM) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.

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Bearish

Positives: RSI 35 — healthy momentum range; strong 1-year return of +20.3%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-3.01% over 10 days); 3-month momentum negative (-19.1%). Currently 48.2% off its 52-week high. Score: -3/7.

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ALGM is trading below its 200-day MA ($38.92) — a key warning sign the longer-term trend is under pressure. An RSI of 35.4 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +20.3% compares to +20.5% for SPY (trailed the market by 0.1%). The current 48.2% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.

$10,000 invested 1 year ago → $12,034 today
vs. S&P 500 (SPY) — same period trailed market by 0.1%

1-Year Price Chart

Daily candles
MA-50 MA-200 Up Down

Signal Check

✗Above 200-day MA ($38.92)
✗Above 50-day MA ($49.33)
✓RSI(14) neutral zone (30–70) — currently 35.4
✓Positive return (+20.3%)
!Within 10% of period high (−48.2%)
Period Range $37.16
$22.41 $71.77
RSI (14) 35.4
0 · OversoldOverbought · 100

Key Metrics

Price$37.16
Period Return+20.3%
Period High$71.77
Period Low$22.41
Drawdown−48.2%
MA-50$49.33
MA-200$38.92
RSI (14)35.4
Avg Volume (30d)2.2M
vs. SPYtrailed by 0.1%
Return Rank#411 of 999

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