The Greedy Trader Weekly Analysis
Sign In Sep 14, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Quarterly Pattern:Rising Channel
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Archive
- 9/7/2018
Sign In to see current Signals.
Allstate Corp.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the negative week for the Allstate Corp. (ALL). During the week, the ALL gave back -0.54 points, or -0.54%, and closed at 100.03 on Friday, September 07, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -11% 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 uptrend resistance line (78.30) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See ALL medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 54.12 and reached 105.36 on December 29, 2017. ALL gained -51.24 points, or -94.68%, in 122 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (104.28) 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 is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ALL short-term trend chart]
A short-term uptrend had started on June 27, 2018 at 90.21 and reached 102.11 on September 6, 2018. ALL gained -11.90 points, or -13.19%, in 71 days. The price is now at the 17.48% retracement level.

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

The daily MACD line is below its signal line since August 22, 2018. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (99.15) comes close to the price (100.03). 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) 50.06
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 61.13
Greed/Fear Indicator (GFI) 61.48
Moving Average Converg./Diverg. (MACD) 1.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.67
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 90.18
Strong Overbought
Greed/Fear Indicator (GFI) 79.82
Moving Average Converg./Diverg. (MACD) 0.18
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 110.88
Quarterly Trendline Support 104.28
Upper Bollinger Band 101.53
Daily Stochastic Crossing 101.13
Weekly Stochastic Crossing 101.02
Price 100.03
20 Day Moving Average 99.97
Parabolic System 99.15
Lower Bollinger Band 97.76
50 Day Moving Average 96.62
Yearly Trendline Resistance 94.29
Monthly Trendline Resistance 91.47
Monthly Trendline Support 91.22
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Prprty/Casualty Insurance 100
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.21
Low Date 06/27/2018
High 102.11
High Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.29
Low Date 02/09/2018
High 102.11
High Date 09/06/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 91.47
Support 91.22
High 105.36
High Date 12/29/2017
Low 88.29
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 110.88
Support 104.28
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 Broken Resistance
Resistance 94.29
Support 78.30
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.

Copyright© 2004-2016 All rights reserved.