ALL - Allstate Corporation (The)

Industry: Property & Casualty Insurance Sector: Financial

Fri 21'st Apr 2017

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Allstate Corporation (The) Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Hold candidate since 2017-04-21

Allstate Corporation (The) fell by -0.52% in the last day, from USD 80.15 to USD 79.73 The price has fallen in 7 of the last 10 days and is down by -2.1% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day, the trading volume fell by -0.38 million shares and in total, 1.78 million shares bought and sold for approximately USD 142 million.


Allstate Corporation (The) lies in the lower part of a 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 USD 79.46 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 6.7% during the next 3 months and, with 90% probability hold a price between USD 84.75 and USD 90.69 at the end of this period.


A buy signal was issued from a pivot bottom point on Monday April 03, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Allstate Corporation (The) holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 80.43 and USD 81.42. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Support & Resistance

Allstate Corporation (The) finds support from accumulated volume at USD 78.08, USD 77.40, and USD 75.24. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 81.34, USD 80.58 and USD 80.55.

The stock is about to test the resistance from accumulated volume at USD 81.34 and this may cause the stock to take a minor break or get into a more sideways move for a few days.


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 USD 0.65 (0.82%) between high and low. For the last week, the stock has had a daily average volatility of 1.42%.

Our recommended stoploss: USD 74.84 (-6.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 13 days ago.)


Allstate Corporation (The) holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.


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