The Greedy Trader Weekly Analysis
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Quarterly Pattern:Symmetric Triangle
Number of records: 5
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Allegion
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Summary:
Weekly :Overbought industryRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :The price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Allegion (ALLE). During the week, the ALLE dropped -1.02 points, or -1.13%, and closed at 89.55 on Friday, October 05, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -29% below average.

ALLE is a member of Regional-Southwest Banks Industry. Regional-Southwest Banks is the seventh most overbought industry. 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 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 17.46% retracement level.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-term uptrend had started on July 26, 2018 at 75.89 and reached 92.87 on October 1, 2018. ALLE gained -16.98 points, or -22.37%, in 9 weeks. The price is now at the 19.55% retracement level.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 October 1, 2018 at 92.87 and reached 89.15 on October 5, 2018. ALLE lost 3.72 points, or 4.01%, in 4 days. The price is now at the 10.75% retracement level.

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

The daily MACD line is below its signal line since September 12, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.8% on Friday. It is 56.25% lower than one year average. It indicates the period of low volatility of the stock price. 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) 54.25
Williams' Percentage Range (W%R) 45.60
Lane's Stochastic (%D-Slow) 46.29
Greed/Fear Indicator (GFI) 51.63
Moving Average Converg./Diverg. (MACD) 1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.73
Overbought Bearish
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 90.26
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 80.06
Overbought
Moving Average Converg./Diverg. (MACD) 1.13 Bearish
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 91.66
Upper Bollinger Band 91.29
Daily Stochastic Crossing 90.63
20 Day Moving Average 89.96
Price 89.55
Parabolic System 89.03
Lower Bollinger Band 87.90
50 Day Moving Average 86.97
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Southwest Banks 157
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 92.87
High Date 10/01/2018
Low 89.15
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.87
High Date 10/01/2018
Low 89.15
Low Date 10/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.80
Low Date 09/25/2018
High 92.87
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.89
Low Date 07/26/2018
High 92.87
High Date 10/01/2018
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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