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Advanced TA SearchArchive
- 9/27/2024 -
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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 -2.64 points, or -1.38%, and closed at 188.36 on Friday, September 27, 2024. Weekly volume was -23% below 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 193.97 on September 23, 2024. ALL gained -180.20 points, or -1308.64%, in 811 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (108.38) 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 193.97 on September 23, 2024. ALL gained -93.40 points, or -92.87%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 174.00 and resistance is at 210.99. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ALL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 16, 2024. 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 September 23, 2024 at 193.97 and reached 188.00 on September 26, 2024. ALL lost 5.97 points, or 3.08%, in 3 days. The price is now at the 6.03% retracement level.
 Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is below its signal line since September 6, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (187.93) comes close to the price (188.36). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to 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.
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