ALLSTATE CORP. - 1H - Technical analysis published on 09/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 189.87 USD
My targets
187.34 USD (-0.69%)
184.39 USD (-2.26%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALLSTATE CORP. as long as the price remains well below 189.87 USD. The sellers' bearish objective is set at 187.34 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 184.39 USD. In case of crossing, the next objective would be the support located at 181.07 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALLSTATE CORP. rating 188.65 USD. On the day, this instrument lost -0.02% with the lowest point at 188.00 USD and the highest point at 189.52 USD. The deviation from the price is +0.35% for the low point and -0.46% for the high point.188.00
189.52
188.65
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ALLSTATE CORP. in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 181.07 | 184.39 | 187.34 | 188.65 | 189.87 | 191.30 | 193.97 |
| Change (%) | -4.02% | -2.26% | -0.69% | - | +0.65% | +1.40% | +2.82% |
| Change | -7.58 | -4.26 | -1.31 | - | +1.22 | +2.65 | +5.32 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.55 | 186.28 | 187.48 | 189.21 | 190.41 | 192.14 | 193.34 |
| Camarilla | 187.88 | 188.15 | 188.42 | 188.69 | 188.96 | 189.23 | 189.50 |
| Woodie | 184.30 | 186.15 | 187.23 | 189.08 | 190.16 | 192.01 | 193.09 |
| Fibonacci | 186.28 | 187.40 | 188.09 | 189.21 | 190.33 | 191.02 | 192.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 181.91 | 184.61 | 187.80 | 190.50 | 193.69 | 196.39 | 199.58 |
| Camarilla | 189.38 | 189.92 | 190.46 | 191.00 | 191.54 | 192.08 | 192.62 |
| Woodie | 182.17 | 184.73 | 188.06 | 190.62 | 193.95 | 196.51 | 199.84 |
| Fibonacci | 184.61 | 186.86 | 188.25 | 190.50 | 192.75 | 194.14 | 196.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.85 | 160.19 | 174.57 | 181.91 | 196.29 | 203.63 | 218.01 |
| Camarilla | 182.97 | 184.96 | 186.95 | 188.94 | 190.93 | 192.92 | 194.91 |
| Woodie | 156.36 | 161.95 | 178.08 | 183.67 | 199.80 | 205.39 | 221.52 |
| Fibonacci | 160.19 | 168.49 | 173.62 | 181.91 | 190.21 | 195.34 | 203.63 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.25 | |
| MACD (12,26,9): | -0.5800 | |
| Directional Movement: | -2.59 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 189.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 190.25 | |
| Elder Ray (13): | -0.90 | |
| Super Trend (3,10): | 191.69 | |
| Zig ZAG (10): | 188.57 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 16.50 | |
| TEMA (21): | 188.73 | |
| Williams %R (14): | -78.33 | |
| Chande Momentum Oscillator (20): | -1.73 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.83 |
| MA7: | 190.53 | |
| MA20: | 188.79 | |
| MA50: | 180.52 | |
| MA100: | 171.79 | |
| MAexp7: | 189.24 | |
| MAexp20: | 190.01 | |
| MAexp50: | 190.15 | |
| MAexp100: | 188.93 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +4.50% | |
| Price / MA100: | +9.81% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | -0.15% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ALLSTATE CORP.. At the time of publication of this analysis, the latest news was as follows:
- RM LAW Announces Investigation of The Allstate Corporation
- Lifshitz & Miller LLP Announces Investigation of Allstate Corporation, Blue Buffalo Pet Products, Inc., Express Scripts Holding Company, Funko, Inc., PHH Corporation, Seven Stars Cloud Group, Inc., United Therapeutics Corporation, and Sprouts Farmers Market, Inc.
- American Red Cross of Central Oklahoma and The Allstate Foundation prepare residents for severe weather season
- Long-Term Allstate (ALL) Investors: Johnson Fistel Investigates Allstate; Encourages Investors Owning Since before November 2014 to Contact the Firm
- Allstate Named One of the 2018 "Top 70 Companies for Executive Women"
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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