The Greedy Trader Weekly Analysis
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Allegion
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Summary:
Weekly :Overbought industryWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a first positive week for the Allegion (ALLE). During the week, the ALLE gained 1.49 points, or 1.71%, and closed at 88.71 on Friday, September 07, 2018. Weekly volume was -39% below average.

ALLE is a member of Regional-Southwest Banks Industry. Regional-Southwest Banks is the eighth 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 downtrend had started on October 13, 2017 at 89.81 and reached 73.85 on May 3, 2018. ALLE lost 15.96 points, or 17.77%, in 28 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (70.30) 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 May 3, 2018 at 73.85 and reached 89.90 on September 6, 2018. ALLE gained -16.05 points, or -21.73%, in 18 weeks. The price is now at the 7.41% retracement level.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ALLE short-term trend chart]
A short-term uptrend had started on August 30, 2018 at 86.21 and reached 89.90 on September 6, 2018. ALLE gained -3.69 points, or -4.28%, in 7 days. The price is now at the 32.25% 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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.

The daily MACD line is below its signal line since September 6, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.42
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 65.58
Bearish
Greed/Fear Indicator (GFI) 72.08
Moving Average Converg./Diverg. (MACD) 1.74 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.84
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 91.18
Strong Overbought
Greed/Fear Indicator (GFI) 81.35
Overbought
Moving Average Converg./Diverg. (MACD) -0.06
Trading Signals
Description Value Chart
Upper Bollinger Band 90.48
Daily Stochastic Crossing 88.81
Price 88.71
Weekly Stochastic Crossing 88.66
20 Day Moving Average 86.53
Parabolic System 86.42
Yearly Trendline Resistance 86.17
50 Day Moving Average 82.46
Lower Bollinger Band 82.30
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Regional-Southwest Banks 156
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 86.21
Low Date 08/30/2018
High 89.90
High Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.21
Low Date 08/30/2018
High 89.90
High Date 09/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.89
Low Date 07/26/2018
High 89.90
High Date 09/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.85
Low Date 05/03/2018
High 89.90
High Date 09/06/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 86.17
Support 70.30
High 89.81
High Date 10/13/2017
Low 73.85
Low Date 05/03/2018
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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