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Building Products Industry Stocks Technical Analysis - ALLEArchive
- 5/3/2024 -
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Allegion (ALLE) Technical Analysis
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| 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 gave back -0.97 points, or -0.78%, and closed at 122.88 on Friday, May 3, 2024. Weekly volume was -13% below average.
 Long-term trend: [See ALLE long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 148.70 and reached 87.33 on October 13, 2022. ALLE lost 61.37 points, or 41.27%, in 57 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (100.29) 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 long-term trend.
 Medium-term trend: [See ALLE medium-term trend chart]
A medium-term downtrend had started on February 20, 2024 at 136.91 and reached 120.02 on May 2, 2024. ALLE lost 16.89 points, or 12.34%, in 10 weeks. The price is now at the 16.93% retracement level.
 Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. 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 March 21, 2024 at 136.07 and reached 120.02 on May 2, 2024. ALLE lost 16.05 points, or 11.80%, in 42 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
7 |
| Industry |
Building Products |
46 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| High |
136.07 |
| High Date |
03/21/2024 |
| Low |
120.02 |
| Low Date |
05/02/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
136.91 |
| High Date |
02/20/2024 |
| Low |
120.02 |
| Low Date |
05/02/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
95.94 |
| Low Date |
10/25/2023 |
| High |
136.91 |
| High Date |
02/20/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
87.33 |
| Low Date |
10/13/2022 |
| High |
136.91 |
| High Date |
02/20/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
119.93 |
| Support |
100.29 |
| High |
148.70 |
| High Date |
09/03/2021 |
| Low |
87.33 |
| Low Date |
10/13/2022 |
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