The Greedy Trader Weekly Analysis
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Allegion
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageBroken trend resistance lineThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a second consecutive positive week for the Allegion (ALLE). During the week, the ALLE gained 1.66 points, or 2.00%, and closed at 84.58 on Friday, December 01, 2017. It was the best weekly gain since September 29, 2017. Weekly volume was 20% above average.

ALLE is a member of Financial Sector. Financial is the most overbought sector. 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 October 27, 2016 at 61.47 and reached 89.81 on October 13, 2017. ALLE gained -28.34 points, or -46.10%, in 50 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (85.16) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-term uptrend had started on October 27, 2017 at 78.63 and reached 84.83 on December 1, 2017. ALLE gained -6.20 points, or -7.89%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (82.43) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 27, 2017. 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 November 10, 2017 at 81.22 and reached 84.83 on December 1, 2017. ALLE gained -3.61 points, or -4.44%, in 21 days. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (82.69) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

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. 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.

The daily MACD line is above its signal line since November 17, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.07% on Friday. It is 54.52% 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.34
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 70.97
Greed/Fear Indicator (GFI) 71.56
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.54
Williams' Percentage Range (W%R) 42.90
Lane's Stochastic (%D-Slow) 39.34
Greed/Fear Indicator (GFI) 50.61
Moving Average Converg./Diverg. (MACD) 2.24
Trading Signals
Description Value Chart
Yearly Trendline Resistance 89.95
Yearly Trendline Support 85.16
50 Day Moving Average 84.85
Upper Bollinger Band 84.81
Price 84.58
Daily Stochastic Crossing 84.22
Weekly Trendline Resistance 84.10
Monthly Trendline Resistance 83.99
20 Day Moving Average 83.10
Weekly Stochastic Crossing 83.10
Weekly Trendline Support 82.69
Monthly Trendline Support 82.43
Parabolic System 82.29
Lower Bollinger Band 82.19
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Regional-Southwest Banks 44
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 82.47
Low Date 11/29/2017
High 84.83
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 84.10
Support 82.69
Low 81.22
Low Date 11/10/2017
High 84.83
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 83.99
Support 82.43
Low 78.63
Low Date 10/27/2017
High 84.83
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.81
High Date 10/13/2017
Low 78.63
Low Date 10/27/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 89.95
Support 85.16
Low 61.47
Low Date 10/27/2016
High 89.81
High Date 10/13/2017
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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