Allegion plc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of ALLE
| Stock Analysis |
|
| Risk Assessment |
|
| Trading Strategy |
|
Green day on Thursday for Allegion plc stock after gaining 0.0343%
(Updated on Oct 03, 2024)
Buy or Hold candidate since Aug 07, 2024
Gain 15.31%
The Allegion plc stock price gained 0.0343% on the last trading day (Thursday, 3rd Oct 2024), rising from $145.84 to $145.89. During the last trading day the stock fluctuated 1.45% from a day low at $143.90 to a day high of $145.99. The price has risen in 7 of the last 10 days and is up by 1.49% over the past 2 weeks. Volume fell on the last day by -124 thousand shares and in total, 657 thousand shares were bought and sold for approximately $95.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.43% during the next 3 months and, with a 90% probability hold a price between $168.23 and $186.18 at the end of this 3-month period.
ALLE Signals & Forecast
Mostly positive signals in the chart today. The Allegion plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $144.76 and $139.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, August 07, 2024, and so far it has risen 15.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Allegion plc stock
Allegion plc finds support from accumulated volume at $140.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.09 between high and low, or 1.45%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: $141.28 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (ALLE) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Allegion plc to open at $145.26, and during the day (based on 14 day Average True Range), to move between $143.25 and $148.53, which gives a possible trading interval of +/-$2.64 (+/-1.81%) up or down from last closing price. If Allegion plc takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $140.40, some $5.49 (3.76%) from the current price of $145.89, our system finds the risk reward attractive.
Is Allegion plc stock A Buy?
Allegion plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score:
6.086
Strong Buy Candidate
Unchanged
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $145.26 ( 0.432%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for ALLE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 147.35 | 1.00% |
| R2 | 146.55 | 0.454% |
| R1 | 146.06 | 0.115% |
| Price | 145.89 | |
| S1 | 144.46 | -0.98% |
| S2 | 143.97 | -1.32% |
| S3 | 143.17 | -1.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 145.89 | |
| S1 | 140.40 | -3.76% |
| S2 | 132.88 | -8.92% |
| S3 | 127.86 | -12.36% |
ALLE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2024 | Sep 20, 2024 | Sep 30, 2024 | $0.480 | 0.329% |
| 2 | Apr 11, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.480 | 0.406% |
| 3 | Apr 11, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.480 | 0.406% |
| 4 | Feb 07, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.480 | 0.356% |
| 5 | Dec 07, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.450 | 0.355% |
FAQ
Click here for our free guide on how to buy Allegion plc Stock.
