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

ALLSTATE CORP. - 1H - Technical analysis published on 12/13/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 200.11 USD
My targets
194.81 USD (-0.71%)
191.14 USD (-2.58%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 200.11 USD remains possible. It is advisable to trade ALLSTATE CORP. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 200.11 USD. The next bearish objective for sellers is set at 194.81 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 191.14 USD. In case of crossing, the next objective would be the support located at 186.03 USD. PS: if there is a bullish break in the resistance located at 200.11 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The ALLSTATE CORP. rating is 196.21 USD. The price has increased by +2.03% since the last closing with the lowest point at 193.63 USD and the highest point at 196.21 USD. The deviation from the price is +1.33% for the low point and 0% for the high point.

193.63
196.21
196.21

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ALLSTATE CORP. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 186.03 191.14 194.81 196.21 200.11 204.44 207.46
Change (%) -5.19% -2.58% -0.71% - +1.99% +4.19% +5.73%
Change -10.18 -5.07 -1.40 - +3.90 +8.23 +11.25
Level Minor Major Intermediate - Minor Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard187.93189.93191.12193.12194.31196.31197.50
Camarilla191.42191.72192.01192.30192.59192.89193.18
Woodie187.52189.73190.71192.92193.90196.11197.09
Fibonacci189.93191.15191.91193.12194.34195.10196.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard193.91197.73200.68204.50207.45211.27214.22
Camarilla201.78202.40203.02203.64204.26204.88205.50
Woodie193.49197.51200.26204.28207.03211.05213.80
Fibonacci197.73200.31201.91204.50207.08208.68211.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard160.44170.44188.95198.95217.46227.46245.97
Camarilla199.62202.23204.85207.46210.07212.69215.30
Woodie164.70172.57193.21201.08221.72229.59250.23
Fibonacci170.44181.33188.06198.95209.84216.57227.46

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 49.53
MACD (12,26,9): -1.4800
Directional Movement: -1.13
AROON (14): 78.57
DEMA (21): 192.45
Parabolic SAR (0,02-0,02-0,2): 191.94
Elder Ray (13): 0.73
Super Trend (3,10): 195.51
Zig ZAG (10): 195.41
VORTEX (21): 0.8600
Stochastique (14,3,5): 70.67
TEMA (21): 192.80
Williams %R (14): -1.59
Chande Momentum Oscillator (20): 3.82
Repulse (5,40,3): 1.0000
ROCnROLL: -1
TRIX (15,9): -0.1500
Courbe Coppock: 0.86
MA7: 197.66
MA20: 200.57
MA50: 193.93
MA100: 187.48
MAexp7: 194.07
MAexp20: 194.71
MAexp50: 197.73
MAexp100: 199.07
Price / MA7: -0.73%
Price / MA20: -2.17%
Price / MA50: +1.18%
Price / MA100: +4.66%
Price / MAexp7: +1.10%
Price / MAexp20: +0.77%
Price / MAexp50: -0.77%
Price / MAexp100: -1.44%

Quotes : - 15 min delayed data - NYSE Stocks

News


Don't forget to follow the news on ALLSTATE CORP.. At the time of publication of this analysis, the latest news was as follows:

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

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