ALLSTATE CORP. - 1H - Technical analysis published on 09/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 181.19 USD
My targets
194.11 USD (+1.87%)
199.16 USD (+4.52%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALLSTATE CORP. as long as the price remains well above 181.19 USD. The buyers' bullish objective is set at 194.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 199.16 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALLSTATE CORP. price is 190.55 USD. On the day, this instrument lost -0.01% and was between 189.83 USD and 191.18 USD. This implies that the price is at +0.38% from its lowest and at -0.33% from its highest.189.83
191.18
190.55
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALLSTATE CORP.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALLSTATE CORP. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 177.48 | 181.19 | 189.87 | 190.55 |
| Change (%) | -6.86% | -4.91% | -0.36% | - |
| Change | -13.07 | -9.36 | -0.68 | - |
| Level | Intermediate | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 186.14 | 187.32 | 188.94 | 190.12 | 191.74 | 192.92 | 194.54 |
| Camarilla | 189.79 | 190.05 | 190.30 | 190.56 | 190.82 | 191.07 | 191.33 |
| Woodie | 186.36 | 187.43 | 189.16 | 190.23 | 191.96 | 193.03 | 194.76 |
| Fibonacci | 187.32 | 188.39 | 189.05 | 190.12 | 191.19 | 191.85 | 192.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.28 | 178.19 | 183.24 | 186.15 | 191.20 | 194.11 | 199.16 |
| Camarilla | 186.11 | 186.84 | 187.57 | 188.30 | 189.03 | 189.76 | 190.49 |
| Woodie | 176.36 | 178.73 | 184.32 | 186.69 | 192.28 | 194.65 | 200.24 |
| Fibonacci | 178.19 | 181.23 | 183.11 | 186.15 | 189.19 | 191.07 | 194.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.85 | 160.19 | 174.57 | 181.91 | 196.29 | 203.63 | 218.01 |
| Camarilla | 182.97 | 184.96 | 186.95 | 188.94 | 190.93 | 192.92 | 194.91 |
| Woodie | 156.36 | 161.95 | 178.08 | 183.67 | 199.80 | 205.39 | 221.52 |
| Fibonacci | 160.19 | 168.49 | 173.62 | 181.91 | 190.21 | 195.34 | 203.63 |
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): | 65.46 | |
| MACD (12,26,9): | 1.2900 | |
| Directional Movement: | 21.02 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 190.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 191.27 | |
| Elder Ray (13): | 0.72 | |
| Super Trend (3,10): | 187.23 | |
| Zig ZAG (10): | 190.11 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 77.18 | |
| TEMA (21): | 191.16 | |
| Williams %R (14): | -31.65 | |
| Chande Momentum Oscillator (20): | 2.36 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 3.76 |
| MA7: | 187.33 | |
| MA20: | 185.41 | |
| MA50: | 176.42 | |
| MA100: | 170.01 | |
| MAexp7: | 190.02 | |
| MAexp20: | 188.71 | |
| MAexp50: | 187.27 | |
| MAexp100: | 185.65 | |
| Price / MA7: | +1.72% | |
| Price / MA20: | +2.77% | |
| Price / MA50: | +8.01% | |
| Price / MA100: | +12.08% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +1.75% | |
| Price / MAexp100: | +2.64% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ALLSTATE CORP. at the time of the analysis were as follows:
- RM LAW Announces Investigation of The Allstate Corporation
- Lifshitz & Miller LLP Announces Investigation of Allstate Corporation, Blue Buffalo Pet Products, Inc., Express Scripts Holding Company, Funko, Inc., PHH Corporation, Seven Stars Cloud Group, Inc., United Therapeutics Corporation, and Sprouts Farmers Market, Inc.
- American Red Cross of Central Oklahoma and The Allstate Foundation prepare residents for severe weather season
- Long-Term Allstate (ALL) Investors: Johnson Fistel Investigates Allstate; Encourages Investors Owning Since before November 2014 to Contact the Firm
- Allstate Named One of the 2018 "Top 70 Companies for Executive Women"
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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