ALL - Allstate Corporation (The)

Industry: Property & Casualty Insurance Sector: Financial | Exchange: NYSE

Hold/Accumulate
Buy Score Rank #3316 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
-0.90%
PRICE
$89.40
VOLUME
Buy
TREND

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
Request Prediction
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Allstate Corporation (The) Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Hold candidate since 2017-07-25 Loss -0.90%

Allstate Corporation (The) fell by -0.90% in the last day from $90.21 to $89.40 The price has risen in 6 of the last 10 days and is up by 1.36% over the past 2 weeks. Volume has increased in the last day by 0.35 million shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.61 million shares bought and sold for approximately $143.59 million.

Trend

Allstate Corporation (The) lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $89.18 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.15% during the next 3 months and, with 90% probability hold a price between $96.45 and $100.44 at the end of this period.

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday July 25, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Allstate Corporation (The) holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $89.41. On a fall, the stock will find some support from the long-term average at approximately $88.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Support & Resistance

Allstate Corporation (The) finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $89.41, $89.82 and $89.79.

The stock is about to test the resistance from accumulated volume at $89.41 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $88.08 Price: $89.4 Resistance: $89.41
S: $88.08 Price: $89.4 R: $89.41

Risk

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 $1.05 (1.18%) between high and low. For the last week, the stock has had a daily average volatility of 1.01%.

Our recommended stoploss: $85.57 (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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