ALLEGION PLC (ALLE) Technical Analysis
NYSE:ALLE • IE00BFRT3W74
We assign a technical rating of 1 out of 10 to ALLE. ALLE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month ALLE has a been trading in the 147.46 - 183.11 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, ALLE outperforms 54% of them, which is more or less in line with the market.
- ALLE is part of the Building Products industry. There are 42 other stocks in this industry, ALLE did better than 68% of them.
- ALLE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALLE is lagging the market slightly.
The technical rating of ALLE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
133.00
When analyzing the support we notice one important area.
- Support @134.34 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 157.49 to 157.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 162.51 to 166.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 179.33 to 179.33. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ALLE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALLE is down. |
| ChartMill Relative Strength | 54.73 | NEUTRAL | ALLE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALLE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALLE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ALLE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.2 | NEUTRAL | The RSI value for ALLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.55 | NEGATIVE | The MACD value suggests ALLE has a negative trend. |
| Stochastics (14,3) | 7.52 | OVERSOLD | The low Stochastics value suggests ALLE may be oversold. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ALLE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.32 | POSITIVE | The high ADX value value for ALLE suggests a strong trend. |
ALLE Technicals: Chart, Performance Metrics, Trend & Indicators
150.37
-1.89 (-1.24%)
ALLEGION PLC / ALLE FAQ
Can you provide the ChartMill technical rating for ALLEGION PLC?
ChartMill assigns a technical rating of 1 / 10 to ALLE.
What is the current trend direction of ALLEGION PLC (ALLE) stock?
The current trend direction for ALLEGION PLC (ALLE) is Bearish.
What is the RSI signal for ALLE stock?
ALLEGION PLC (ALLE) has an RSI value of 31.1994. This indicates that the stock is currently neutral.
What is the MACD signal for ALLE stock?
The MACD indicator for ALLEGION PLC (ALLE) has a value of -1.55118, indicating a bearish trend.
What are the support and resistance levels for ALLEGION PLC (ALLE) stock?
ALLEGION PLC (ALLE) has a support level at 134.34 and a resistance level at 157.49. Check the full technical report for our detailed analysis of ALLE support and resistance levels.