Allegion PLC

After peaking in mid-August and rolling over below key EMAs, ALLE shows distribution dynamics in a Stage 3 environment. The medium-term bias is bearish, but short-term timing lacks a clear entry, favoring deferral. We recommend trimming into near-term rallies into the declining 9- and 20-day EMA region around 155–156, watching for rejection at resistance.

• ↑Revenue rose 12.7% YoY to $1.2B, driven by Americas non-residential
• ↑Raised 2026 organic growth outlook to 3.5%–4.5% on sustained demand
• ↓Residential segment softness risks further revenue declines