Move cursor over the icon to see details.
|It was a third consecutive positive week for the Allegion (ALLE). During the week, the ALLE climbed 0.08 points, or 0.10%, and closed at 81.80 on Friday, August 10, 2018. Weekly volume was -31% below average. |
Long-term trend: [See ALLE long-term trend chart]
A long-term downtrend had started on February 20, 2018 at 88.41 and reached 73.85 on May 3, 2018. ALLE lost 14.56 points, or 16.47%, in 10 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (76.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ALLE may retest the broken resistance line. It is considered to be a support line now. 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 uptrend had started on July 26, 2018 at 75.89 and reached 83.50 on August 7, 2018. ALLE gained -7.61 points, or -10.03%, in 1 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. 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 August 7, 2018 at 83.50 and reached 81.46 on August 10, 2018. ALLE lost 2.04 points, or 2.44%, in 3 days. The price is now at the 16.67% retracement level.
Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since July 10, 2018. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (81.03) comes close to the price (81.80). It indicates that the trend is getting weaker. 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.