ALLEGION PLC (ALLE) Stock Technical Analysis
NYSE:ALLE - New York Stock Exchange, Inc. - IE00BFRT3W74 - Common Stock - Currency: USD
Taking everything into account, ALLE scores 6 out of 10 in our technical rating. ALLE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month ALLE has a been trading in the 137.36 - 145.75 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ALLE is part of the Building Products industry. There are 42 other stocks in this industry. ALLE outperforms 73% of them.
ALLE has an average volume of 1018930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ALLE is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALLE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALLE is lagging the market.
Although the technical rating is only medium, ALLE does present a nice setup opportunity. 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.
More info and screens
122.39
146.17
2 important support areas can be observed.
- Support @127.14 from a trend line in the weekly time frame.
- Support @123.63 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 138.84 to 141.38. 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 143.78 to 144.72. 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 | NEUTRAL | NEUTRAL | The short term trend for ALLE is neutral. |
| ChartMill Relative Strength | 77.96 | POSITIVE | ALLE has a high relative strength, it outperformed 77.96% off all stocks 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) | 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) | 45.2 | NEUTRAL | The RSI value for ALLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests ALLE has a negative trend. |
| Stochastics (14,3) | 22.98 | NEUTRAL | The Stochastics value for ALLE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for ALLE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for ALLE suggests a weak or negative 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 |
|---|---|---|---|
| 139.74 | 137.35 | 2.39 (1.71%) | 25.00% |
| An entry @139.74. This is a Buy Stop order right above the 10 day moving average. | An exit @137.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.39 points, which is 1.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALLE. Please evaluate whether better entry and exit points can be found.
- 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.
137.94
-1.73 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-1.24%
1 Week-0.12%
2 Weeks-3.61%
1 Month-3.44%
3 Month8.91%
6 Month-0.64%
12 Month18.55%
2 Year14.93%
3 Year40.9%
5 Year34.94%
10 Year129.37%
15 YearN/A
Volatility
ATR(14)2.19
ATR(20)%1.6%
ATR Inc-19.09%
Range Today2.43
ADR(20)2.14
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.96
Mansfield-0.22
10 Day High144.01
10 Day Low137.36
20 Day High145.75
20 Day Low137.36
52 Week High156.1
52 Week Low113.27
CS1 End127.14
CR1 Start138.84
Volume & EV
DER(3)0.83%
DER(5)-1.62%
Volume643.83K
Volume Incr-25.74%
Vol(5)690.11K
Vol(50)1.02M