ALLSTATE CORP (ALL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALL - US0200021014 - Common Stock
We assign a technical rating of 6 out of 10 to ALL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALL is only an average performer.
Although the technical rating is only medium, ALL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 207.07, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
182.31
We found 3 important support areas.
- A support zone ranging from 200.59 to 207.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 190.94 to 195.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 184.15 to 186.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 208.23 to 214.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALL is up. |
| ChartMill Relative Strength | 50.8 | NEUTRAL | ALL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.62 | NEUTRAL | The RSI value for ALL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.67 | NEUTRAL | The Stochastics value for ALL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for ALL suggests low volalility. |
| Average Directional Index/ADX (14) | 14.41 | NEGATIVE | The low ADX value for ALL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 208.24 | 203.54 | 4.70 (2.26%) | 25.00% |
| An entry @208.24. This is a Buy Stop order right above the 10 day moving average. | An exit @203.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.70 points, which is 2.26%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
207.8
-1.25 (-0.6%)
ALLSTATE CORP / ALL FAQ
Can you provide the ChartMill technical rating for ALLSTATE CORP?
ChartMill assigns a technical rating of 6 / 10 to ALL.
What is the trend direction for ALL stock?
The current trend direction for ALLSTATE CORP (ALL) is Bullish.
Can you provide the RSI signal for ALLSTATE CORP?
ALLSTATE CORP (ALL) has an RSI value of 51.621. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALLSTATE CORP?
The MACD indicator for ALLSTATE CORP (ALL) has a value of 0.0199621, indicating a bearish trend.
What is the buy/sell signal for ALLSTATE CORP (ALL) stock?
The buy/sell signal for ALLSTATE CORP (ALL) is buy as both the short term and long term trends are positive.