The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 0
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Allstate Corp.
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Bearish Doji Star CandlestickDaily  MACD line has moved above its signal lineThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Allstate Corp. (ALL). During the week, the ALL gained 4.17 points, or 4.66%, and closed at 93.72 on Friday, November 09, 2018. Weekly volume was -7% below average.

Long-term trend: [See ALL long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 13.77 and reached 105.36 on December 29, 2017. ALL gained -91.59 points, or -665.14%, in 459 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 79.57 and resistance is at 95.56. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See ALL medium-term trend chart]
A medium-term downtrend had started on September 20, 2018 at 102.73 and reached 88.58 on November 1, 2018. ALL lost 14.15 points, or 13.77%, in 6 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See ALL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See ALL short-term trend chart]
A short-term downtrend had started on October 19, 2018 at 98.20 and reached 88.58 on November 1, 2018. ALL lost 9.62 points, or 9.80%, in 13 days. The price is now at the 53.43% retracement level.

Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See ALL candlestick chart pattern]
On Friday the chart has formed a Bearish Doji Star Candlestick pattern. A Bearish Doji Star Pattern occurs in an uptrend and shows that buyers are now losing the control and market is moving to a deadlock between buyers and sellers. The reliability of the Bearish Doji Star pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bearish Doji Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.32
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 44.06
Greed/Fear Indicator (GFI) 46.60
Moving Average Converg./Diverg. (MACD) -1.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.33
Williams' Percentage Range (W%R) 63.70
Lane's Stochastic (%D-Slow) 27.47
Greed/Fear Indicator (GFI) 36.07
Moving Average Converg./Diverg. (MACD) 0.50
Trading Signals
Description Value Chart
Upper Bollinger Band 98.46
50 Day Moving Average 97.04
Yearly Trendline Resistance 95.56
Parabolic System 95.35
Price 93.72
20 Day Moving Average 93.67
Daily Stochastic Crossing 92.74
Weekly Stochastic Crossing 92.29
Lower Bollinger Band 89.23
Yearly Trendline Support 79.57
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Prprty/Casualty Insurance 111
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.20
High Date 10/19/2018
Low 88.58
Low Date 11/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.73
High Date 09/20/2018
Low 88.58
Low Date 11/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.29
Low Date 02/09/2018
High 102.73
High Date 09/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.12
Low Date 08/24/2015
High 105.36
High Date 12/29/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 95.56
Support 79.57
Low 13.77
Low Date 03/09/2009
High 105.36
High Date 12/29/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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