The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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Allegion (ALLE) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldTrend support at 129.26
Daily :The price has risen above the Parabolic SAR
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It was the negative week for the Allegion (ALLE). During the week, the ALLE gave back -0.36 points, or -0.28%, and closed at 130.07 on Friday, May 29, 2026. Weekly volume was -12% below average.

Long-term trend: [See ALLE long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 87.33 and reached 183.11 on February 12, 2026. ALLE gained -95.78 points, or -109.68%, in 174 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (129.26) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See ALLE medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 183.11 and reached 125.00 on May 20, 2026. ALLE lost 58.11 points, or 31.74%, in 13 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 122.84 and resistance is at 149.36. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 20, 2026 at 125.00 and reached 133.60 on May 27, 2026. ALLE gained -8.60 points, or -6.88%, in 7 days. The price is now at the 41.05% retracement level.

Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 21, 2026. 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.

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) 40.52
Williams' Percentage Range (W%R) 56.30
Lane's Stochastic (%D-Slow) 70.62
Greed/Fear Indicator (GFI) 51.61
Moving Average Converg./Diverg. (MACD) -3.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.72
Williams' Percentage Range (W%R) 90.20
Strong Oversold
Lane's Stochastic (%D-Slow) 14.15
Oversold
Greed/Fear Indicator (GFI) 20.57
Moving Average Converg./Diverg. (MACD) -5.17
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 149.36
50 Day Moving Average 138.78
Upper Bollinger Band 138.13
20 Day Moving Average 131.36
Daily Stochastic Crossing 131.16
Price 130.07
Yearly Trendline Support 129.26
Weekly Stochastic Crossing 128.16
Lower Bollinger Band 127.15
Parabolic System 125.88
Quarterly Trendline Support 122.84
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Building Products 36
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 133.60
High Date 05/27/2026
Low 128.64
Low Date 05/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 125.00
Low Date 05/20/2026
High 133.60
High Date 05/27/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.26
High Date 04/27/2026
Low 125.00
Low Date 05/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 149.36
Support 122.84
High 183.11
High Date 02/12/2026
Low 125.00
Low Date 05/20/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 189.70
Support 129.26
Low 87.33
Low Date 10/13/2022
High 183.11
High Date 02/12/2026
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.