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Building Products Industry Stocks Technical Analysis - ALLEArchive
- 2/28/2025 -
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Allegion (ALLE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Allegion (ALLE). During the week, the ALLE climbed 0.80 points, or 0.63%, and closed at 128.00 on Friday, February 28, 2025. Weekly volume was 14% above average.
 Long-term trend: [See ALLE long-term trend chart]
A long-term uptrend had started on October 25, 2023 at 95.94 and reached 156.10 on October 18, 2024. ALLE gained -60.16 points, or -62.71%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (131.45) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See ALLE medium-term trend chart]
A medium-term downtrend had started on October 18, 2024 at 156.10 and reached 124.20 on February 19, 2025. ALLE lost 31.90 points, or 20.44%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (114.62) 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 medium-term trend.
 Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since November 8, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See ALLE short-term trend chart]
A short-term downtrend had started on January 21, 2025 at 136.30 and reached 124.20 on February 19, 2025. ALLE lost 12.10 points, or 8.88%, in 29 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 122.42 and resistance is at 133.30. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since February 26, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
3 |
| Industry |
Building Products |
30 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
124.20 |
| Low Date |
02/19/2025 |
| High |
131.00 |
| High Date |
02/25/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
133.30 |
| Support |
122.42 |
| High |
136.30 |
| High Date |
01/21/2025 |
| Low |
124.20 |
| Low Date |
02/19/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
126.55 |
| Support |
114.62 |
| High |
156.10 |
| High Date |
10/18/2024 |
| Low |
124.20 |
| Low Date |
02/19/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
165.07 |
| Support |
131.45 |
| Low |
95.94 |
| Low Date |
10/25/2023 |
| High |
156.10 |
| High Date |
10/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
87.33 |
| Low Date |
10/13/2022 |
| High |
156.10 |
| High Date |
10/18/2024 |
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