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Quarterly Pattern:Rising Channel
Number of records: 15
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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 :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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 1.46 points, or 1.66%, and closed at 89.19 on Friday, November 30, 2018. Weekly volume was -10% 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 79.96 and resistance is at 95.95. 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 uptrend had started on February 9, 2018 at 88.29 and reached 102.73 on September 20, 2018. ALL gained -14.44 points, or -16.36%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (93.69) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See ALL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 12, 2018. The distance between MACD and the signal line is relatively high and getting bigger. 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 September 20, 2018 at 102.73 and reached 86.77 on November 27, 2018. ALL lost 15.96 points, or 15.54%, in 68 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 86.04 and resistance is at 91.10. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

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

A Parabolic SAR (stop and reversal) indicator (89.21) comes close to the price (89.19). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.69
Williams' Percentage Range (W%R) 78.20
Lane's Stochastic (%D-Slow) 51.16
Greed/Fear Indicator (GFI) 34.90
Moving Average Converg./Diverg. (MACD) -1.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.19
Williams' Percentage Range (W%R) 89.30
Oversold
Lane's Stochastic (%D-Slow) 16.51
Oversold
Greed/Fear Indicator (GFI) 22.43
Moving Average Converg./Diverg. (MACD) -0.22
Trading Signals
Description Value Chart
Monthly Trendline Resistance 103.09
Yearly Trendline Resistance 95.95
50 Day Moving Average 93.91
Upper Bollinger Band 93.81
Monthly Trendline Support 93.69
Weekly Trendline Resistance 91.10
20 Day Moving Average 89.82
Parabolic System 89.21
Price 89.19
Weekly Stochastic Crossing 88.83
Daily Stochastic Crossing 88.28
Lower Bollinger Band 86.38
Weekly Trendline Support 86.04
Yearly Trendline Support 79.96
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Prprty/Casualty Insurance 82
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 86.77
Low Date 11/27/2018
High 89.38
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 91.10
Support 86.04
High 102.73
High Date 09/20/2018
Low 86.77
Low Date 11/27/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 103.09
Support 93.69
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 95.95
Support 79.96
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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