ALLSTATE CORP (ALL) Stock Technical Analysis
NYSE:ALL • US0200021014
Overall ALL gets a technical rating of 7 out of 10. Although ALL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- ALL is one of the better performing stocks in the Insurance industry, it outperforms 74% of 150 stocks in the same industry.
- ALL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ALL has a been trading in the 196.52 - 216.75 range, which is quite wide. It is currently trading near the high of this range.
- ALL has an average volume of 1796310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, ALL turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
ALL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 214.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 212.76, 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
184.70
We found 4 important support areas.
- A support zone ranging from 212.64 to 212.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 202.52 to 209.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 189.99 to 194.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @186.57 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 214.53 to 215.20. This zone is formed by a combination of multiple trend lines 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 | 51.47 | NEUTRAL | ALL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALL is above the rising 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) | 61.23 | NEUTRAL | The RSI value for ALL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests ALL has a positive trend. |
| Stochastics (14,3) | 79.14 | NEUTRAL | The Stochastics value for ALL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ALL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.65 | 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 |
|---|---|---|---|
| 215.21 | 212.63 | 2.58 (1.20%) | 25.00% |
| An entry @215.21. This is a Buy Stop order right above the resistance zone. | An exit @212.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.58 points, which is 1.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- 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.
214.52
+1.76 (+0.83%)
ALLSTATE CORP / ALL FAQ
Can you provide the ChartMill technical rating for ALLSTATE CORP?
ChartMill assigns a technical rating of 7 / 10 to ALL.
Can you provide the trend direction for ALLSTATE CORP?
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 61.2273. This indicates that the stock is currently neutral.
What is the MACD signal for ALL stock?
The MACD indicator for ALLSTATE CORP (ALL) has a value of 0.827142, indicating a bearish trend.
Can you provide the short term momentum for ALLSTATE CORP?
The short term momentum for ALLSTATE CORP (ALL) is positive.