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Advanced TA SearchArchive
- 4/26/2024 -
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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 -1.36 points, or -1.09%, and closed at 123.85 on Friday, April 26, 2024. Weekly volume was 10% 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 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 Symmetric Triangle chart pattern. The downtrend resistance line (100.13) 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 downtrend had started on February 20, 2024 at 136.91 and reached 123.16 on April 25, 2024. ALLE lost 13.75 points, or 10.04%, in 9 weeks. The price is now at the 5.02% retracement level.
 Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 21, 2024 at 136.07 and reached 123.16 on April 25, 2024. ALLE lost 12.91 points, or 9.49%, in 35 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since March 28, 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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