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Advanced TA SearchArchive
- 4/5/2024 -
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Allstate Corp. (ALL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Allstate Corp. (ALL). During the week, the ALL gave back -0.19 points, or -0.11%, and closed at 172.82 on Friday, April 5, 2024. Weekly volume was -27% below average.
ALL is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See ALL long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 13.77 and reached 174.57 on April 4, 2024. ALL gained -160.80 points, or -1167.76%, in 786 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (105.37) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See ALL medium-term trend chart]
A medium-term uptrend had started on July 17, 2023 at 100.57 and reached 174.57 on April 4, 2024. ALL gained -74.00 points, or -73.58%, in 37 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See ALL weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 21, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See ALL short-term trend chart]
A short-term uptrend had started on March 4, 2024 at 153.87 and reached 174.57 on April 4, 2024. ALL gained -20.70 points, or -13.45%, in 31 days. The price is now at the 8.45% retracement level.
 Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since March 14, 2024. This is an indication that the short-term trend is up.
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