The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Channel
Number of records: 15
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
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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