|
|
S&P 500 Oversold StocksArchive
- 5/2/2025 -
Sign In to see current Signals. |
Allstate Corp. (ALL) Technical Analysis
|
 |
| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Allstate Corp. (ALL). During the week, the ALL gained 6.40 points, or 3.32%, and closed at 199.30 on Friday, May 2, 2025. It was the best weekly gain since March 14, 2025. Weekly volume was 25% above 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 212.90 on March 20, 2025. ALL gained -199.13 points, or -1446.11%, in 836 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (112.06) 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 212.90 on March 20, 2025. ALL gained -112.33 points, or -111.69%, in 87 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (200.44) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support 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 April 4, 2025. 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 March 20, 2025 at 212.90 and reached 176.00 on April 7, 2025. ALL lost 36.90 points, or 17.33%, in 18 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (193.25) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ALL may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.
 Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 April 23, 2025. The distance between MACD and the signal line is low, but 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.
| |
|
|