The Greedy Trader Weekly Analysis
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Yearly 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
Archive
- 10/5/2018
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Allstate Corp.
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :The price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Allstate Corp. (ALL). During the week, the ALL climbed 0.89 points, or 0.90%, and closed at 99.59 on Friday, October 05, 2018. Weekly volume was -32% 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 (78.86) 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 (105.63) 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 technical indicators are neutral.

The weekly MACD line is above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 102.73 on September 20, 2018. ALL gained -12.52 points, or -13.88%, in 85 days. The chart has formed a Rising Wedge chart pattern.

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

The daily MACD line is below its signal line since September 24, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has moved above 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.01
Williams' Percentage Range (W%R) 47.30
Lane's Stochastic (%D-Slow) 32.43
Greed/Fear Indicator (GFI) 43.38
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.91
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 71.89
Greed/Fear Indicator (GFI) 68.00
Moving Average Converg./Diverg. (MACD) 0.80
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 112.23
Quarterly Trendline Support 105.63
Upper Bollinger Band 102.10
Weekly Stochastic Crossing 100.43
Price 99.59
20 Day Moving Average 99.54
50 Day Moving Average 99.21
Daily Stochastic Crossing 98.65
Parabolic System 98.37
Lower Bollinger Band 96.86
Yearly Trendline Resistance 94.85
Monthly Trendline Support 91.62
Monthly Trendline Resistance 89.87
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Prprty/Casualty Insurance 99
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 90.21
Low Date 06/27/2018
High 102.73
High Date 09/20/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.29
Low Date 02/09/2018
High 102.73
High Date 09/20/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 89.87
Support 91.62
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 112.23
Support 105.63
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 94.85
Support 78.86
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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