| TA Search |
| Monthly Price vs. Trendline: | Testing Support |
|
| Number of records: 1 |
|
|
|
|
Advanced TA SearchArchive
- 11/24/2023 -
Sign In to see current Signals. |
Allegion (ALLE) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Allegion (ALLE). During the week, the ALLE dropped -1.31 points, or -1.23%, and closed at 105.04 on Friday, November 24, 2023. Weekly volume was -38% below 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 128.36 on July 25, 2023. ALLE gained -41.03 points, or -46.98%, in 40 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (112.46) 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 July 25, 2023 at 128.36 and reached 95.94 on October 25, 2023. ALLE lost 32.42 points, or 25.26%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (91.84) 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 below its signal line since August 11, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 25, 2023 at 95.94 and reached 107.38 on November 15, 2023. ALLE gained -11.44 points, or -11.92%, in 21 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 100.79 and resistance is at 108.88. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 31, 2023. 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.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Building Products |
101 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
107.38 |
| High Date |
11/15/2023 |
| Low |
103.85 |
| Low Date |
11/21/2023 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
108.88 |
| Support |
100.79 |
| Low |
95.94 |
| Low Date |
10/25/2023 |
| High |
107.38 |
| High Date |
11/15/2023 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
89.41 |
| Support |
91.84 |
| High |
128.36 |
| High Date |
07/25/2023 |
| Low |
95.94 |
| Low Date |
10/25/2023 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
131.93 |
| Support |
112.46 |
| Low |
87.33 |
| Low Date |
10/13/2022 |
| High |
128.36 |
| High Date |
07/25/2023 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
148.70 |
| High Date |
09/03/2021 |
| Low |
87.33 |
| Low Date |
10/13/2022 |
|
|