The Greedy Trader Weekly Analysis
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- 7/24/2026 -
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Allegion (ALLE) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandPrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the Allegion (ALLE). During the week, the ALLE gained 16.12 points, or 11.75%, and closed at 153.36 on Friday, July 24, 2026. Weekly volume was 106% above average.

ALLE is a member of Industrials Sector. Industrials is the second 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 uptrend had started on October 13, 2022 at 87.33 and reached 183.11 on February 12, 2026. ALLE gained -95.78 points, or -109.68%, in 174 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 131.07 and resistance is at 192.94. 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 long-term trend.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 183.11 and reached 125.00 on May 20, 2026. ALLE lost 58.11 points, or 31.74%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (106.04) 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 technical indicators are neutral.

The weekly MACD line is above its signal line since July 2, 2026. 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 July 20, 2026 at 134.63 and reached 159.37 on July 23, 2026. ALLE gained -24.74 points, or -18.38%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.44
Williams' Percentage Range (W%R) 26.80
Lane's Stochastic (%D-Slow) 68.18
Greed/Fear Indicator (GFI) 70.26
Moving Average Converg./Diverg. (MACD) 1.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.61
Williams' Percentage Range (W%R) 23.80
Lane's Stochastic (%D-Slow) 65.87
Greed/Fear Indicator (GFI) 66.36
Moving Average Converg./Diverg. (MACD) -6.42
Trading Signals
Description Value Chart
Price 153.36
Daily Stochastic Crossing 152.03
Weekly Stochastic Crossing 151.00
Upper Bollinger Band 150.02
Monthly Trendline Resistance 144.77
20 Day Moving Average 139.76
Parabolic System 138.35
Monthly Trendline Support 136.01
50 Day Moving Average 134.43
Yearly Trendline Support 131.07
Lower Bollinger Band 129.75
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Building Products 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 134.63
Low Date 07/20/2026
High 159.37
High Date 07/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.84
Low Date 07/09/2026
High 159.37
High Date 07/23/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 144.77
Support 136.01
Low 125.00
Low Date 05/20/2026
High 159.37
High Date 07/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 107.96
Support 106.04
High 183.11
High Date 02/12/2026
Low 125.00
Low Date 05/20/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 192.94
Support 131.07
Low 87.33
Low Date 10/13/2022
High 183.11
High Date 02/12/2026
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.