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S&P 500 Oversold Stocks

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- 8/21/2026 -
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Allstate Corp. (ALL) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Allstate Corp. (ALL). During the week, the ALL dropped -7.58 points, or -2.90%, and closed at 253.83 on Friday, August 21, 2026. It was the worst weekly loss since May 29, 2026. ALL was trading at average weekly trading volume.

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 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 (120.19) 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 (207.69) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since April 2, 2026. 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 downtrend had started on July 29, 2026 at 277.22 and reached 252.83 on August 20, 2026. ALL lost 24.39 points, or 8.80%, in 22 days. Price is near the trend low.

Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.17
Williams' Percentage Range (W%R) 94.70
Strong Oversold
Lane's Stochastic (%D-Slow) 16.57
Oversold
Greed/Fear Indicator (GFI) 21.36
Moving Average Converg./Diverg. (MACD) 3.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.32
Williams' Percentage Range (W%R) 30.80
Lane's Stochastic (%D-Slow) 82.36
Overbought
Greed/Fear Indicator (GFI) 70.55
Moving Average Converg./Diverg. (MACD) 10.62
Trading Signals
Description Value Chart
Upper Bollinger Band 270.69
Weekly Stochastic Crossing 268.32
Parabolic System 268.28
20 Day Moving Average 263.32
Daily Stochastic Crossing 255.22
Price 253.83
50 Day Moving Average 249.76
Lower Bollinger Band 247.19
Quarterly Trendline Resistance 238.10
Monthly Trendline Resistance 232.81
Monthly Trendline Support 208.84
Quarterly Trendline Support 207.69
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Property & Casualty Insurance 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 277.22
High Date 07/29/2026
Low 252.83
Low Date 08/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 191.13
Low Date 01/22/2026
High 277.22
High Date 07/29/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 232.81
Support 208.84
Low 188.08
Low Date 10/29/2025
High 277.22
High Date 07/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 238.10
Support 207.69
Low 100.57
Low Date 07/17/2023
High 277.22
High Date 07/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 184.49
Support 120.19
Low 13.77
Low Date 03/09/2009
High 277.22
High Date 07/29/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.