ALLEGION PLC (ALLE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALLE - IE00BFRT3W74 - Common Stock
Overall ALLE gets a technical rating of 6 out of 10. In the last year, ALLE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ALLE did better than 73% of all other stocks.
- ALLE is one of the better performing stocks in the Building Products industry, it outperforms 82% of 42 stocks in the same industry.
- ALLE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALLE is lagging the market slightly.
- In the last month ALLE has a been trading in the 157.81 - 168.80 range, which is quite wide. It is currently trading near the high of this range.
ALLE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 168.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 166.73, a Stop Loss order could be placed below this zone.
More info and screens
131.89
We found 2 important support areas.
- A support zone ranging from 157.48 to 166.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @133.22 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @168.38 from a horizontal line in the daily time frame.
- A resistance zone ranging from 179.34 to 179.48. 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 | 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 | 73.44 | POSITIVE | ALLE has a high relative strength, it outperformed 73.44% 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) | DOWN | MIXED | The current price of ALLE is above a declining 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) | 60.26 | NEUTRAL | The RSI value for ALLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests ALLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.5 | OVERBOUGHT | The high Stochastics value suggests ALLE may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for ALLE suggests low volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for ALLE suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 168.39 | 159.99 | 8.40 (4.99%) | 20.05% |
| An entry @168.39. This is a Buy Stop order right above the resistance zone. | An exit @159.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.40 points, which is 4.99%. | For a 1.00% total portfolio risk, you can invest 20.05% of your capital in this trade. |
- 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.
166.89
-0.05 (-0.03%)
ALLEGION PLC / ALLE FAQ
Can you provide the ChartMill technical rating for ALLEGION PLC?
ChartMill assigns a technical rating of 6 / 10 to ALLE.
What is the current trend direction of ALLEGION PLC (ALLE) stock?
The current trend direction for ALLEGION PLC (ALLE) is Bullish.
What is the RSI signal for ALLE stock?
ALLEGION PLC (ALLE) has an RSI value of 60.2597. 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 0.622159, indicating a bearish trend.
What are the support and resistance levels for ALLEGION PLC (ALLE) stock?
ALLEGION PLC (ALLE) has a support level at 166.73 and a resistance level at 168.38. Check the full technical report for our detailed analysis of ALLE support and resistance levels.