The Greedy Trader Weekly Analysis
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Allstate Corp.
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldTrend resistance at 90.20Broken trend support line
Daily :The price has fallen below the Parabolic SARRelative Strength Index and Williams' Percentage Range are oversoldStochastic signal line moved above oversold area20 Day Moving Average has crossed above the 50 Day Moving AverageBullish Homing Pigeon CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the Allstate Corp. (ALL). During the week, the ALL dropped -7.05 points, or -7.20%, and closed at 90.89 on Friday, February 09, 2018. Weekly volume was 150% above average.

ALL is a member of Financial Sector. Financial is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (90.20). 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 January 15, 2016 at 56.03 and reached 105.36 on December 29, 2017. ALL gained -49.33 points, or -88.04%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (93.46) 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 19, 2018. The distance between MACD and the signal line is near its 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 January 23, 2018 at 104.47 and reached 88.29 on February 9, 2018. ALL lost 16.18 points, or 15.49%, in 17 days. The price is now at the 16.07% retracement level.

Daily Technical Indicators: [See ALL daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since January 22, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

The distance between the Bollinger Bands (17.21%) is close to one year high (11.30%). It is 191.76% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Candlestick pattern: [See ALL candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.34
Oversold
Williams' Percentage Range (W%R) 83.20
Oversold
Lane's Stochastic (%D-Slow) 22.54
Greed/Fear Indicator (GFI) 19.54
Oversold
Moving Average Converg./Diverg. (MACD) -1.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.47
Williams' Percentage Range (W%R) 84.10
Oversold
Lane's Stochastic (%D-Slow) 36.73
Greed/Fear Indicator (GFI) 31.27
Moving Average Converg./Diverg. (MACD) 3.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 108.64
Upper Bollinger Band 105.80
50 Day Moving Average 101.43
20 Day Moving Average 99.20
Parabolic System 94.84
Weekly Stochastic Crossing 93.98
Monthly Trendline Support 93.46
Daily Stochastic Crossing 91.61
Price 90.89
Yearly Trendline Resistance 90.20
Lower Bollinger Band 90.18
Yearly Trendline Support 74.21
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Prprty/Casualty Insurance 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 104.47
High Date 01/23/2018
Low 88.29
Low Date 02/09/2018
Weekly Trend
Monthly Trend
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
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 108.64
Support 93.46
Low 56.03
Low Date 01/15/2016
High 105.36
High Date 12/29/2017
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 Test Resistance
Resistance 90.20
Support 74.21
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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