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ALLSTATE CORP.
ALLSTATE CORP.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Bunds
Ticker: ALLPB
ISIN:

ALLSTATE CORP. - Daily - Technical analysis published on 08/01/2024 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 25.71 USD
My targets
26.38 USD (+1.81%)
27.31 USD (+5.40%)
My analysis
The current short-term bullish acceleration on ALLSTATE CORP. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 25.71 USD. Short-term buyers will use the resistance located at 26.38 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 27.31 USD. Crossing this resistance would then open the door for buyers to target 27.75 USD. Caution, if there is a return to under 25.71 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

pitiantuta
This analysis was given by pitiantuta. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

The ALLSTATE CORP. price is 25.91 USD. On the day, this instrument gained +0.16% and was between 25.84 USD and 25.91 USD. This implies that the price is at +0.27% from its lowest and at 0% from its highest.

25.84
25.91
25.91

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ALLSTATE CORP. chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily


MACD indicator is back over 0

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.42 25.71 25.88 25.91 26.07 26.38 27.31
Change (%) -1.89% -0.77% -0.12% - +0.62% +1.81% +5.40%
Change -0.49 -0.20 -0.03 - +0.16 +0.47 +1.40
Level Minor Major Major - Major Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.6625.7225.7925.8525.9225.9826.05
Camarilla25.8325.8525.8625.8725.8825.8925.91
Woodie25.6825.7225.8125.8525.9425.9826.07
Fibonacci25.7225.7725.8025.8525.9025.9325.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.3625.5125.6125.7625.8626.0126.11
Camarilla25.6525.6725.7025.7225.7425.7725.79
Woodie25.3525.5025.6025.7525.8526.0026.10
Fibonacci25.5125.6025.6625.7625.8525.9126.01


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.3225.5225.6825.8826.0426.2426.40
Camarilla25.7425.7725.8125.8425.8725.9125.94
Woodie25.3025.5125.6625.8726.0226.2326.38
Fibonacci25.5225.6625.7425.8826.0226.1026.24

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.94
MACD (12,26,9): 0.0000
Directional Movement: 0.74
AROON (14): -7.15
DEMA (21): 25.79
Parabolic SAR (0,02-0,02-0,2): 25.56
Elder Ray (13): 0.08
Super Trend (3,10): 25.43
Zig ZAG (10): 25.91
VORTEX (21): 1.1000
Stochastique (14,3,5): 74.19
TEMA (21): 25.83
Williams %R (14): -15.15
Chande Momentum Oscillator (20): 0.03
Repulse (5,40,3): 0.4700
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.64
MA7: 25.81
MA20: 25.77
MA50: 25.83
MA100: 25.93
MAexp7: 25.82
MAexp20: 25.80
MAexp50: 25.83
MAexp100: 25.85
Price / MA7: +0.39%
Price / MA20: +0.54%
Price / MA50: +0.31%
Price / MA100: -0.08%
Price / MAexp7: +0.35%
Price / MAexp20: +0.43%
Price / MAexp50: +0.31%
Price / MAexp100: +0.23%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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