The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Yearly 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
- 7/6/2018
Sign In to see current Signals.
Allstate Corp.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Trend resistance at 93.05
Daily :Daily  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 climbed 0.89 points, or 0.98%, and closed at 92.16 on Friday, July 06, 2018. It was the best weekly gain since May 11, 2018. Weekly volume was -40% 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 price is near the trend resistance line (93.05). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 Broadening Ascending Wedge chart pattern. The trend support level is at 67.91 and resistance is at 115.45. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since January 19, 2018. 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 April 20, 2018 at 99.26 and reached 90.21 on June 27, 2018. ALL lost 9.05 points, or 9.12%, in 68 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 89.96 and resistance is at 94.03. 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 MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (92.59) comes close to the price (92.16). 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) 39.41
Williams' Percentage Range (W%R) 65.20
Lane's Stochastic (%D-Slow) 54.00
Greed/Fear Indicator (GFI) 42.74
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.96
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 21.82
Greed/Fear Indicator (GFI) 29.58
Moving Average Converg./Diverg. (MACD) -0.18
Trading Signals
Description Value Chart
Upper Bollinger Band 94.32
50 Day Moving Average 94.15
Weekly Trendline Resistance 94.03
Yearly Trendline Resistance 93.05
Parabolic System 92.59
20 Day Moving Average 92.41
Price 92.16
Weekly Stochastic Crossing 91.76
Daily Stochastic Crossing 91.69
Lower Bollinger Band 90.60
Weekly Trendline Support 89.96
Yearly Trendline Support 77.06
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Prprty/Casualty Insurance 48
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.21
Low Date 06/27/2018
High 92.58
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 94.03
Support 89.96
High 99.26
High Date 04/20/2018
Low 90.21
Low Date 06/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 Broadening Ascending Wedge
Status Valid
Resistance 115.45
Support 67.91
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 Test Resistance
Resistance 93.05
Support 77.06
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.