The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 7/31/2026 -
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Allegion (ALLE) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtPrice is near the Fibonacci 38.2% retracement levelThe period of high volatility of the stock price
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It was a third consecutive positive week for the Allegion (ALLE). During the week, the ALLE gained 4.04 points, or 2.63%, and closed at 157.40 on Friday, July 31, 2026. Weekly volume was 49% above average.

ALLE is a member of Industrials Sector. Industrials 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 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 trend support level is at 131.31 and resistance is at 193.37. 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 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 Falling Wedge chart pattern. The downtrend resistance line (103.88) 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 medium-term trend.

Weekly Technical Indicators: [See ALLE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 2, 2026. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ALLE short-term trend chart]
A short-term downtrend had started on July 28, 2026 at 164.25 and reached 153.39 on July 30, 2026. ALLE lost 10.86 points, or 6.61%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ALLE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 21, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

The distance between the Bollinger Bands is 149.22% higher then one year average. It indicates the period of high 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.75
Williams' Percentage Range (W%R) 23.60
Lane's Stochastic (%D-Slow) 83.19
Overbought
Greed/Fear Indicator (GFI) 78.79
Moving Average Converg./Diverg. (MACD) 4.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.17
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 76.80
Greed/Fear Indicator (GFI) 72.88
Moving Average Converg./Diverg. (MACD) -5.86
Trading Signals
Description Value Chart
Upper Bollinger Band 166.11
Daily Stochastic Crossing 159.04
Price 157.40
Weekly Stochastic Crossing 156.06
Parabolic System 148.36
Monthly Trendline Resistance 146.06
20 Day Moving Average 144.36
50 Day Moving Average 137.43
Monthly Trendline Support 137.31
Yearly Trendline Support 131.31
Lower Bollinger Band 127.66
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Building Products 75
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 164.25
High Date 07/28/2026
Low 153.39
Low Date 07/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.84
Low Date 07/09/2026
High 164.25
High Date 07/28/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 146.06
Support 137.31
Low 125.00
Low Date 05/20/2026
High 164.25
High Date 07/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 104.58
Support 103.88
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 Valid
Resistance 193.37
Support 131.31
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.