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S&P 500 Oversold StocksArchive
- 10/2/2026 -
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Allstate Corp. (ALL) Technical Analysis
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| Summary:
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| | It was the negative week for the Allstate Corp. (ALL). During the week, the ALL dropped -3.86 points, or -1.70%, and closed at 223.74 on Friday, October 2, 2026. Weekly volume was 76% 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 (120.91) 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 trend support level is at 210.40 and resistance is at 240.81. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 and getting bigger. 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 220.59 on October 1, 2026. ALL lost 56.63 points, or 20.43%, in 64 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (249.55) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish 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 daily Relative Strength Index, Lane's Stochastic and MACD bullish 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 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 the Bollinger Bands (25.3%) is close to one year high (21.04%). It is 154.43% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
 Candlestick pattern: [See ALL candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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