The Greedy Trader Weekly Analysis
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Allegion
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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe 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 2.48 points, or 2.78%, and closed at 91.59 on Friday, November 30, 2018. Weekly volume was 17% above 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 92.89 on November 28, 2018. ALLE gained -19.04 points, or -25.78%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.65 and resistance is at 98.84. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-term uptrend had started on October 24, 2018 at 79.64 and reached 92.89 on November 28, 2018. ALLE gained -13.25 points, or -16.64%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 90.92 and resistance is at 97.16. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is above its signal line since November 2, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 23, 2018 at 88.60 and reached 92.89 on November 28, 2018. ALLE gained -4.29 points, or -4.84%, in 5 days. The price is now at the 30.30% retracement level.

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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 29, 2018. 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.73
Williams' Percentage Range (W%R) 14.20
Overbought
Lane's Stochastic (%D-Slow) 82.05
Overbought
Greed/Fear Indicator (GFI) 75.85
Moving Average Converg./Diverg. (MACD) 1.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.88
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 66.96
Greed/Fear Indicator (GFI) 71.28
Moving Average Converg./Diverg. (MACD) 1.47
Trading Signals
Description Value Chart
Yearly Trendline Resistance 98.84
Quarterly Trendline Resistance 97.16
Daily Stochastic Crossing 92.09
Upper Bollinger Band 91.66
Price 91.59
Quarterly Trendline Support 90.92
Weekly Stochastic Crossing 89.53
20 Day Moving Average 89.52
Parabolic System 88.08
50 Day Moving Average 87.53
Lower Bollinger Band 86.77
Yearly Trendline Support 80.65
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Regional-Southwest Banks 151
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 88.60
Low Date 11/23/2018
High 92.89
High Date 11/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.60
Low Date 11/23/2018
High 92.89
High Date 11/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.29
Low Date 11/15/2018
High 92.89
High Date 11/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 97.16
Support 90.92
Low 79.64
Low Date 10/24/2018
High 92.89
High Date 11/28/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 98.84
Support 80.65
Low 73.85
Low Date 05/03/2018
High 92.89
High Date 11/28/2018
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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