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Downtrend ExhaustionArchive
- 1/10/2025 -
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Allegion (ALLE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Allegion (ALLE). During the week, the ALLE dropped -4.00 points, or -3.07%, and closed at 126.20 on Friday, January 10, 2025. Weekly volume was 26% 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 price is near the trend support (127.91) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 126.00 on January 10, 2025. ALLE lost 30.10 points, or 19.28%, in 12 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 links to access Lane's Stochastic and 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 December 5, 2024 at 144.42 and reached 126.00 on January 10, 2025. ALLE lost 18.42 points, or 12.75%, in 36 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 118.78 and resistance is at 127.51. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since December 12, 2024. 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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