ALLSTATE CORP (ALL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALL - US0200021014 - Common Stock
We assign a technical rating of 8 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.
Besides having an excellent technical rating, ALL 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 214.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 212.64, a Stop Loss order could be placed below this zone.
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182.31
4 important support areas can be observed.
- A support zone ranging from 212.13 to 212.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 202.06 to 206.30. 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 193.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 184.15 to 185.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 214.33 to 214.66. 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 | 59.52 | 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) | 62.99 | NEUTRAL | The RSI value for ALL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests ALL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.66 | OVERBOUGHT | The high Stochastics value suggests ALL may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for ALL suggests low volalility. |
| Average Directional Index/ADX (14) | 27.65 | POSITIVE | The high ADX value value for ALL suggests a strong 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 |
|---|---|---|---|
| 214.67 | 212.12 | 2.55 (1.19%) | 25.00% |
| An entry @214.67. This is a Buy Stop order right above the resistance zone. | An exit @212.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.55 points, which is 1.19%. | For a 0.30% 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.
212.98
-0.89 (-0.42%)
ALLSTATE CORP / ALL FAQ
Can you provide the ChartMill technical rating for ALLSTATE CORP?
ChartMill assigns a technical rating of 8 / 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 62.9885. 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 0.703982, 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.