ALLEGION PLC (ALLE) Stock Technical Analysis
USA - NYSE:ALLE - IE00BFRT3W74 - Common Stock
We assign a technical rating of 3 out of 10 to ALLE. In the last year, ALLE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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
129.24
We found 2 important support areas.
- A support zone ranging from 164.67 to 164.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @130.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 179.33 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 | DOWN | NEGATIVE | The short term trend for ALLE is down. |
| ChartMill Relative Strength | 65.43 | 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 | POSITIVE | The current price of ALLE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.15 | NEUTRAL | The RSI value for ALLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.32 | NEGATIVE | The MACD value suggests ALLE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.63 | OVERSOLD | The low Stochastics value suggests ALLE may be oversold. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ALLE suggests some volalility. |
| Average Directional Index/ADX (14) | 33.08 | POSITIVE | The high ADX value value for ALLE suggests a strong trend. |
164.68
-1.09 (-0.66%)
ALLEGION PLC / ALLE FAQ
Can you provide the ChartMill technical rating for ALLEGION PLC?
ChartMill assigns a technical rating of 3 / 10 to ALLE.
What is the trend direction for 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 34.1548. This indicates that the stock is currently neutral.
What is the short term momentum for ALLE stock?
The short term momentum for ALLEGION PLC (ALLE) is negative.
What are the support and resistance levels for ALLEGION PLC (ALLE) stock?
ALLEGION PLC (ALLE) has a support level at 164.67 and a resistance level at 179.33. Check the full technical report for our detailed analysis of ALLE support and resistance levels.