Allegion Public Limited Company

ALLE's RSI of 35.2 signals distinctly oversold conditions despite the stock trading well below its 52-week high, suggesting aggressive recent selling pressure. At a P/E of 18.09 against a $12.5B market cap, the valuation appears moderately compressed relative to growth services companies, particularly given the low short interest of 3.57% rules out a crowded bear trade. The combination of oversold momentum, modest valuation, and distance from yearly highs creates potential for mean-reversion, though the lack of extreme short positioning means any bounce likely depends on fundamental catalysts rather than squeeze mechanics.