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S&P 500 Oversold StocksArchive
- 5/29/2026 -
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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 dropped -10.51 points, or -4.85%, and closed at 206.09 on Friday, May 29, 2026. It was the worst weekly loss since January 16, 2026. Weekly volume was 9% above average.
ALL is a member of Financials Sector. Financials is the second 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 227.62 on May 19, 2026. ALL gained -213.85 points, or -1553.01%, in 897 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (118.74) 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 October 29, 2025 at 188.08 and reached 227.62 on May 19, 2026. ALL gained -39.54 points, or -21.02%, in 28 weeks. The price is now at the 54.45% retracement level.
 Weekly Technical Indicators: [See ALL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 19, 2026 at 227.62 and reached 204.81 on May 29, 2026. ALL lost 22.81 points, or 10.02%, in 10 days. The price is now at the 5.61% retracement level.
 Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 21, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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