ALLEGION PLC (ALLE) Stock Technical Analysis
USA - NYSE:ALLE - IE00BFRT3W74 - Common Stock
175.01 USD
+2.04 (+1.18%)
175.01 USD
0 (0%)
We assign a technical rating of 9 out of 10 to ALLE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALLE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
ALLE is part of the Building Products industry. There are 41 other stocks in this industry. ALLE outperforms 90% of them.
ALLE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the yearly performance of all stocks, we notice that ALLE is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ALLE has a been trading in the 166.84 - 180.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ALLE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 175.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALLE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
127.92
181.13
We found 4 important support areas.
- A support zone ranging from 172.96 to 175.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @161.56 from a trend line in the daily time frame.
- Support @152.79 from a trend line in the weekly time frame.
- Support @129.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 176.65 to 179.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALLE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALLE is up. |
| ChartMill Relative Strength | 81.74 | POSITIVE | ALLE has a high relative strength, it outperformed 81.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALLE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALLE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALLE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.1 | NEUTRAL | The RSI value for ALLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests ALLE has a negative trend. |
| Stochastics (14,3) | 50.13 | NEUTRAL | The Stochastics value for ALLE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for ALLE suggests low volalility. |
| Average Directional Index/ADX (14) | 40.46 | POSITIVE | The high ADX value value for ALLE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 179.35 | 172.95 | 6.40 (3.57%) | 25.00% |
| An entry @179.35. This is a Buy Stop order right above the resistance zone. | An exit @172.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.40 points, which is 3.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
175.01
+2.04 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg1.18%
1 Week-2.41%
2 Weeks-0.01%
1 Month2.36%
3 Month21.63%
6 Month36.42%
12 Month21.73%
2 Year67.96%
3 Year95.15%
5 Year76.94%
10 Year203.52%
15 YearN/A
Volatility
ATR(14)3.38
ATR(20)%1.8%
ATR Inc-24.41%
Range Today1.9
ADR(20)3.01
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.74
Mansfield1.03
10 Day High180.34
10 Day Low172.67
20 Day High180.34
20 Day Low166.84
52 Week High180.34
52 Week Low116.57
CS1 End175
CR1 Start176.65
Volume & EV
DER(3)6.17%
DER(5)3.69%
Volume617.30K
Volume Incr-26.18%
Vol(5)704.48K
Vol(50)957.28K