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S&P 500 Oversold StocksArchive
- 10/16/2026 -
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Allstate Corp. (ALL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 5 consecutive negative weeks for the Allstate Corp. (ALL). During the week, the ALL gained 18.45 points, or 8.04%, and closed at 247.88 on Friday, October 16, 2026. Weekly volume was 24% above average.
 Long-term trend: [See ALL long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 13.77 and reached 277.22 on July 29, 2026. ALL gained -263.45 points, or -1913.22%, in 907 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (121.16) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 277.22 on July 29, 2026. ALL gained -176.65 points, or -175.65%, in 158 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (211.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See ALL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 18, 2026. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See ALL short-term trend chart]
A short-term downtrend had started on July 29, 2026 at 277.22 and reached 219.51 on October 5, 2026. ALL lost 57.71 points, or 20.82%, in 68 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 209.84 and resistance is at 254.02. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 7, 2026. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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