ALLE Forecast


Bullish Case: With strong historical returns as seen in the past two years, coupled with increasing call volume and a favorable market sentiment, ALLE may experience upward momentum, potentially reaching $170+ if bullish earnings surprise occurs.




Bearish Case: High implied volatility for puts suggests market apprehension amid low growth projections. A bearish scenario could see price dipping below $140 if economic conditions worsen or earnings disappoint, reflecting investor pessimism.




Potential Outcomes:

1) Continued moderate rally, pushing towards $160 (20% chance);

2) Stagnation around $150 with minor fluctuations (60% chance);

3) Significant price drop below $140 due to macroeconomic factors (20% chance).




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October 21, 2024


Allegion Forecast

ALLE        Allegion











Correlated Assets

Assets that tend to move strongly with ALLE



SKY Forecast + Options Trading Strategies   SKY  Skyline Champion (0.95)


SHW Forecast + Options Trading Strategies   SHW  Sherwin-Williams (0.94)


NAIL Forecast + Options Trading Strategies   NAIL  Direxion Daily Homebuilders & Supplies Bull 3X Shares (0.94)


BAM Forecast + Options Trading Strategies   BAM  Brookfield Asset (0.92)


EFX Forecast + Options Trading Strategies   EFX  Equifax (0.9)



Uncorrelated Assets

Assets with little price relationship to ALLE



SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (0.0)


ALIT Forecast + Options Trading Strategies   ALIT  Alight Inc. - (-0.0)


LOGI Forecast + Options Trading Strategies   LOGI  Logitech International (0.0)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.0)


OI Forecast + Options Trading Strategies   OI  O-I Glass (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against ALLE



FNGR Forecast + Options Trading Strategies   FNGR  FingerMotion (-0.71)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.75)


HLF Forecast + Options Trading Strategies   HLF  Herbalife Nutrition (-0.75)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.79)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.8)









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