The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Pennant
Number of records: 1
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Allegion
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Summary:
Weekly :Williams' Percentage Range is overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Allegion (ALLE). During the week, the ALLE gained 1.25 points, or 1.42%, and closed at 89.39 on Friday, November 09, 2018. Weekly volume was -35% below average.

Long-term trend: [See ALLE long-term trend chart]
A long-term uptrend had started on May 3, 2018 at 73.85 and reached 92.87 on October 1, 2018. ALLE gained -19.02 points, or -25.75%, in 21 weeks. The price is now at the 18.30% retracement level.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-term uptrend had started on October 24, 2018 at 79.64 and reached 90.69 on November 8, 2018. ALLE gained -11.05 points, or -13.87%, in 2 weeks. The price is now at the 11.76% retracement level.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 November 8, 2018 at 90.69 and reached 88.87 on November 9, 2018. ALLE lost 1.82 points, or 2.01%, in 1 days. The price is now at the 28.57% retracement level.

Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 29, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.30
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 94.11
Strong Overbought
Greed/Fear Indicator (GFI) 86.54
Overbought
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.15
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 37.08
Greed/Fear Indicator (GFI) 58.09
Moving Average Converg./Diverg. (MACD) 1.36
Trading Signals
Description Value Chart
Upper Bollinger Band 93.08
Daily Stochastic Crossing 90.39
Price 89.39
50 Day Moving Average 87.40
Parabolic System 86.70
20 Day Moving Average 85.11
Weekly Stochastic Crossing 84.58
Lower Bollinger Band 80.41
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Regional-Southwest Banks 128
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 90.69
High Date 11/08/2018
Low 88.87
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 90.69
High Date 11/08/2018
Low 88.87
Low Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.64
Low Date 10/24/2018
High 90.69
High Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.87
High Date 10/01/2018
Low 79.64
Low Date 10/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.85
Low Date 05/03/2018
High 92.87
High Date 10/01/2018
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.

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