The Greedy Trader Weekly Analysis
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Allstate Corp.
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Summary:
Weekly :Trend resistance at 92.51
Daily :
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 -0.15 points, or -0.16%, and closed at 93.71 on Friday, June 08, 2018. Weekly volume was 6% 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 price is near the trend resistance line (92.51). 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 67.55 and resistance is at 113.96. 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 91.02 on June 6, 2018. ALL lost 8.24 points, or 8.30%, in 47 days. The price is now at the 32.65% 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 May 1, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.44
Williams' Percentage Range (W%R) 64.90
Lane's Stochastic (%D-Slow) 40.74
Greed/Fear Indicator (GFI) 38.75
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.94
Williams' Percentage Range (W%R) 68.50
Lane's Stochastic (%D-Slow) 43.39
Greed/Fear Indicator (GFI) 40.57
Moving Average Converg./Diverg. (MACD) 0.35
Trading Signals
Description Value Chart
Upper Bollinger Band 96.57
50 Day Moving Average 95.82
Parabolic System 94.77
20 Day Moving Average 94.76
Weekly Stochastic Crossing 94.39
Price 93.71
Daily Stochastic Crossing 92.80
Lower Bollinger Band 92.60
Yearly Trendline Resistance 92.51
Yearly Trendline Support 76.52
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Prprty/Casualty Insurance 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 97.78
High Date 05/11/2018
Low 91.02
Low Date 06/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.26
High Date 04/20/2018
Low 91.02
Low Date 06/06/2018
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 113.96
Support 67.55
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 92.51
Support 76.52
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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