Social Sentiment for ALL
Bullish vs. Bearish opinions
Weighted Sentiment 0.32
Allstate Corporation (The) Forecast and Stock Analysis
Technical ALL stock analysis for Monday May 20, 2019.
|Shorts||2.52% ( 2019-04-15 )|
|Price to book||USD 1.48|
|Next Earnings Date||2019-07-30|
Allstate Corporation (The) gained 0.31% in the last trading day ( Monday, 20th May 2019 ), rising from $95.64 to $95.94 During day the stock fluctuated 1.09% from a day low at $95.44 to a day high of $96.48. The price has been going up and down for this period, and there has been a -1.78% loss for the last 2 weeks. Volume fell in the last day by -0.18 million shares, and in total, 1.23 million shares bought and sold for approximately $118.21 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ALL stock price was $100.00 and low was $93.54.
- 90 day high was $100.00 and low was $92.24.
- 52 week high for the Allstate Corporation (The) - $102.73 and low - $77.00.
Allstate Corporation (The) lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.29% during the next 3 months and, with 90% probability hold a price between $97.44 and $103.07 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday May 13, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Allstate Corporation (The) holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $96.32. On a fall, the stock will find some support from the short-term average at $95.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
Allstate Corporation (The) finds support from accumulated volume at $95.64.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.04 (1.09%) between high and low. For the last week, the stock has had a daily average volatility of 1.48%.
Our recommended stoploss: $90.81 (-5.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
1.48 %Average volatility
Very Low Low Medium High Very High
Allstate Corporation (The) holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|ALL $95.94 ($0.30 0.31%)|
ALL is up $0.30 today, but where's it headed in 2019?
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