Weaker Buy Today ALL ranks #421 as BUY CANDIDATE. Stronger Buy
Today ALL ranks #421 as BUY CANDIDATE.

ALL stock Allstate Corporation (The)

ALL stock
Allstate Corporation (The)

March 15, 2019
Change 1.05%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will ALL stock price go up or down on Tue, 19 Mar 2019?

Allstate Corporation (The) Forecast and Stock Analysis

Technical ALL stock analysis for March 15, 2019.

Buy candidate since 2019-03-05 Gain 0.89%
Shorts 1.85% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 0.82
ROA 1.87

Allstate Corporation (The) gained 1.05% in the last trading day, rising from $93.85 to $94.84 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -0.18% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.58 million more shares were traded than the day before. In total, 4.43 million shares bought and sold for approximately $419.96 million.

Close price at the end of the last trading day (Friday, 15th Mar 2019) of the ALL stock was $94.84. This is 1.05% more than the trading day before Thursday, 14th Mar 2019.

During day the stock fluctuated 1.64% from a day low at $93.66 to a day high of $95.20.

30 day high of the ALL stock price was $95.50 and low was $92.24.
90 day high was $95.50 and low was $77.00.
52 week high for the Allstate Corporation (The) - $102.73 and low - $77.00.

Trend

Allstate Corporation (The) lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $93.61 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 21.66% during the next 3 months and, with 90% probability hold a price between $113.89 and $121.79 at the end of this period.

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Signals

Only positive signals in the chart today. Allstate Corporation (The) holds buy signals from both short- and long-term moving averages. In addition, 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 $93.85 and $92.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Allstate Corporation (The) finds support from accumulated volume at $92.56.

Support: $92.56 Price: $94.84 Resistance: $94.90

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 $1.54 (1.64%) between high and low. For the last week, the stock has had a daily average volatility of 1.09%.

Our recommended stoploss: $89.55 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Allstate Corporation (The) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today ALL ranks #421 as BUY CANDIDATE. Stronger Buy
Today ALL ranks #421 as BUY CANDIDATE.