The Greedy Trader Weekly Analysis
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Allstate Corp.
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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
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It was the negative week for the Allstate Corp. (ALL). During the week, the ALL dropped -5.38 points, or -6.03%, and closed at 83.81 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 41% above 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 80.08 and resistance is at 96.07. 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 (93.80) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ALL may retest the broken support line. It is considered to be a resistance line now. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 83.33 on December 7, 2018. ALL lost 19.40 points, or 18.88%, in 78 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (85.41) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.20
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 36.52
Bullish
Greed/Fear Indicator (GFI) 26.12
Moving Average Converg./Diverg. (MACD) -1.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.94
Williams' Percentage Range (W%R) 91.50
Strong Oversold
Lane's Stochastic (%D-Slow) 13.52
Oversold
Greed/Fear Indicator (GFI) 20.26
Moving Average Converg./Diverg. (MACD) -0.47
Trading Signals
Description Value Chart
Yearly Trendline Resistance 96.07
Monthly Trendline Support 93.80
Upper Bollinger Band 93.48
50 Day Moving Average 92.77
Weekly Trendline Resistance 90.61
Parabolic System 89.43
20 Day Moving Average 88.85
Weekly Trendline Support 85.41
Weekly Stochastic Crossing 85.29
Daily Stochastic Crossing 85.01
Lower Bollinger Band 84.00
Price 83.81
Yearly Trendline Support 80.08
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Prprty/Casualty Insurance 73
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 90.00
High Date 12/03/2018
Low 83.33
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 90.61
Support 85.41
High 102.73
High Date 09/20/2018
Low 83.33
Low Date 12/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 103.20
Support 93.80
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 96.07
Support 80.08
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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