RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Weaker technical forecast for Allstate Corporation (The) as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 8.08% PDF

The Allstate Corporation (The) stock price gained 1.87% on the last trading day (Thursday, 28th Mar 2024), rising from $169.84 to $173.01. During the last trading day the stock fluctuated 1.33% from a day low at $171.18 to a day high of $173.45. The price has risen in 7 of the last 10 days and is up by 8.55% over the past 2 weeks. Volume fell on the last day by -251 thousand shares and in total, 1 million shares were bought and sold for approximately $203.23 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $169.98, a level that may pose a second chance to hit a runner. According to fan-theory $179.51 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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ALL Signals & Forecast

The Allstate Corporation (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $167.32 and $161.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 11.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Allstate Corporation (The) stock

On the downside, the stock finds support just below today's level from accumulated volume at $162.20 and $161.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Allstate Corporation (The) finds support just below today's level at $162.20. If this is broken, then the next support from accumulated volume will be at $161.75 and $148.50.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.27 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 1.72%.

The Allstate Corporation (The) stock is extremely overbought on RSI14 (84). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $165.07 (-4.59%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (ALL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Allstate Corporation (The) to open at $172.54, and during the day (based on 14 day Average True Range), to move between $170.01 and $176.01, which gives a possible trading interval of +/-$3.00 (+/-1.73%) up or down from last closing price. If Allstate Corporation (The) takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $162.20, some $10.81 (6.25%) from the current price of $173.01, our system finds the risk reward attractive.

Is Allstate Corporation (The) stock A Buy?

Allstate Corporation (The) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Allstate Corporation (The) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$172.54 ( 0.270%) $173.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ALL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 174.81 1.04 %
R2 173.95 0.541 %
R1 173.41 0.231 %
Current price: 173.01
Support S1 171.68 -0.771 %
S2 171.14 -1.08 %
S3 170.27 -1.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 173.01
Support S1 162.20 -6.25%
S2 161.75 -6.51%
S3 148.50 -14.17%

ALL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Mar 01, 2024 Apr 01, 2024 $0.92 0.532%
2 Nov 15, 2023 Nov 29, 2023 Jan 02, 2024 $0.89 0.619%
3 Jul 14, 2023 Aug 30, 2023 Oct 02, 2023 $0.89 0.80%
4 May 22, 2023 Jun 01, 2023 Jul 03, 2023 $0.89 0.81%
5 Feb 17, 2023 Feb 27, 2023 Mar 17, 2023 $0.89 0.85%

FAQ

What is the symbol for Allstate Corporation (The) Stock and on which exchange is it traded?
The symbol for Allstate Corporation (The) is ALL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Allstate Corporation (The) Stock?
Allstate Corporation (The) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Allstate Corporation (The) Stock?
Allstate Corporation (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Allstate Corporation (The) Stock.

What's the current price of Allstate Corporation (The) Stock?
As of the end of day on the 2024-03-28, the price of an Allstate Corporation (The) (ALL) share was $173.01.

What is the 52-week high and low for Allstate Corporation (The) Stock?
The 52-week high for Allstate Corporation (The) Stock is $173.45 and the 52-week low is $100.57.

What is the market capitalization of Allstate Corporation (The) Stock?
As of the 2024-03-28, the market capitalization of Allstate Corporation (The) is 45.513B.

When is the next earnings date for Allstate Corporation (The)?
The upcoming earnings date for Allstate Corporation (The) is May 01, 2024.
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About Allstate Corporation (The)

Allstate  (The) The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, ... ALL Profile

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