The Greedy Trader Weekly Analysis
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Allegion
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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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It was a first positive week for the Allegion (ALLE). During the week, the ALLE gained 3.23 points, or 4.15%, and closed at 81.12 on Friday, June 08, 2018. It was the best weekly gain since March 9, 2018. Weekly volume was -23% below average.

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 price is now at the 45.55% retracement level.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-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 Broadening Descending Wedge chart pattern. The trend support level is at 69.93 and resistance is at 86.28. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 April 20, 2018. 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 uptrend had started on May 31, 2018 at 76.42 and reached 81.14 on June 8, 2018. ALLE gained -4.72 points, or -6.18%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since May 11, 2018. This is an indication that the short-term trend is up.

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.

The price touches the upper Bollinger Band. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and 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) 63.08
Williams' Percentage Range (W%R) 18.00
Overbought
Lane's Stochastic (%D-Slow) 83.67
Overbought
Greed/Fear Indicator (GFI) 76.24
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.01
Williams' Percentage Range (W%R) 56.70
Lane's Stochastic (%D-Slow) 30.67
Greed/Fear Indicator (GFI) 39.93
Moving Average Converg./Diverg. (MACD) -0.34
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 86.28
Upper Bollinger Band 81.35
Price 81.12
Daily Stochastic Crossing 80.68
50 Day Moving Average 80.41
20 Day Moving Average 78.37
Weekly Stochastic Crossing 78.34
Parabolic System 76.54
Lower Bollinger Band 76.43
Quarterly Trendline Support 69.93
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Regional-Southwest Banks 37
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.71
Low Date 06/04/2018
High 81.14
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.42
Low Date 05/31/2018
High 81.14
High Date 06/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.85
Low Date 05/03/2018
High 81.14
High Date 06/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 86.28
Support 69.93
High 88.41
High Date 02/20/2018
Low 73.85
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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