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Advanced TA SearchArchive
- 5/10/2024 -
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Allstate Corp. (ALL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Allstate Corp. (ALL). During the week, the ALL gained 4.54 points, or 2.70%, and closed at 172.71 on Friday, May 10, 2024. Weekly volume was -25% 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 177.37 on May 2, 2024. ALL gained -163.60 points, or -1188.09%, in 790 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (105.99) 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 177.37 on May 2, 2024. ALL gained -76.80 points, or -76.36%, in 41 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 168.49 and resistance is at 182.98. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See ALL short-term trend chart]
A short-term uptrend had started on May 3, 2024 at 165.24 and reached 173.03 on May 10, 2024. ALL gained -7.79 points, or -4.71%, in 7 days. Price is near the trend high.
 Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 25, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
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.
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