The Greedy Trader Weekly Analysis
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Allstate Corp.
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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was the negative week for the Allstate Corp. (ALL). During the week, the ALL gave back -0.04 points, or -0.04%, and closed at 99.99 on Friday, September 14, 2018. Weekly volume was -16% 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 (78.44) 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 (104.61) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. 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 102.11 on September 6, 2018. ALL gained -11.90 points, or -13.19%, in 71 days. The chart has formed a Rising Channel 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 August 22, 2018.

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

During the last week, the price 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.32
Williams' Percentage Range (W%R) 47.50
Lane's Stochastic (%D-Slow) 39.37
Greed/Fear Indicator (GFI) 48.06
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.26
Williams' Percentage Range (W%R) 25.70
Lane's Stochastic (%D-Slow) 83.77
Overbought
Greed/Fear Indicator (GFI) 72.80
Moving Average Converg./Diverg. (MACD) 0.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 111.22
Quarterly Trendline Support 104.61
Upper Bollinger Band 101.41
Parabolic System 101.23
Weekly Stochastic Crossing 100.39
Price 99.99
20 Day Moving Average 99.91
Daily Stochastic Crossing 98.69
50 Day Moving Average 97.31
Lower Bollinger Band 97.11
Yearly Trendline Resistance 94.43
Monthly Trendline Support 91.32
Monthly Trendline Resistance 91.07
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Prprty/Casualty Insurance 88
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 90.21
Low Date 06/27/2018
High 102.11
High Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.29
Low Date 02/09/2018
High 102.11
High Date 09/06/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 91.07
Support 91.32
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 111.22
Support 104.61
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 94.43
Support 78.44
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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