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Price vs. Parabolic:Crossover
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Parabolic SAR Crossover - Stock market timing signals.
The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.
parabolic sar,Parabolic SAR Crossover,stock market timing signals

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- 11/25/2022 -
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Allegion (ALLE)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the price
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It was a first positive week for the Allegion (ALLE). During the week, the ALLE gained 1.36 points, or 1.20%, and closed at 114.32 on Friday, November 25, 2022. Weekly volume was -49% below average.

ALLE is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ALLE long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 148.70 and reached 87.33 on October 13, 2022. ALLE lost 61.37 points, or 41.27%, in 57 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (85.16) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 87.33 and reached 116.98 on November 11, 2022. ALLE gained -29.65 points, or -33.95%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 112.47 and resistance is at 127.15. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 21, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ALLE short-term trend chart]
A short-term uptrend had started on November 17, 2022 at 107.72 and reached 114.98 on November 23, 2022. ALLE gained -7.26 points, or -6.74%, in 6 days. The price is now at the 9.09% retracement level.

Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 30, 2022. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (114.65) comes close to the price (114.32). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.74
Williams' Percentage Range (W%R) 21.20
Lane's Stochastic (%D-Slow) 72.33
Greed/Fear Indicator (GFI) 73.95
Moving Average Converg./Diverg. (MACD) 4.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.79
Williams' Percentage Range (W%R) 12.00
Overbought
Lane's Stochastic (%D-Slow) 79.91
Greed/Fear Indicator (GFI) 75.47
Moving Average Converg./Diverg. (MACD) -3.67
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 127.15
Upper Bollinger Band 117.12
Parabolic System 114.65
Price 114.32
Daily Stochastic Crossing 113.03
Weekly Stochastic Crossing 112.80
Quarterly Trendline Support 112.47
20 Day Moving Average 109.20
Lower Bollinger Band 100.02
50 Day Moving Average 99.28
Yearly Trendline Resistance 97.55
Sector and Industry
Description Name Rank
Sector Industrials 11
Industry Building Products 56
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 107.72
Low Date 11/17/2022
High 114.98
High Date 11/23/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.72
Low Date 11/17/2022
High 114.98
High Date 11/23/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.72
Low Date 11/17/2022
High 114.98
High Date 11/23/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 127.15
Support 112.47
Low 87.33
Low Date 10/13/2022
High 116.98
High Date 11/11/2022
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 97.55
Support 85.16
High 148.70
High Date 09/03/2021
Low 87.33
Low Date 10/13/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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