Allegion Technical Analysis (NYSE:ALLE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Allegion stock price data and volume are plotted in ALLE stock charts and these trading charts form the basis of technical analysis.
See Allegion bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Allegion stock analysis.
Allegion Moving Average
Moving averages help predict the price direction of ALLE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Allegion are mostly signals of long term trends and will help long term traders.
Allegion Bollinger Bands
Bollinger bands comprise of a center line usually ALLE SMA, and two ALLE stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $77.69 is in the lower range of Allegion bollinger bands.
Allegion Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Allegion MACD line is above the signal line.
Allegion Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of ALLE stock is 47.05.