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How the price action of Allstate ($ALL) is used to our Advantage

Longer Term Trading Plans for ALL
  • Buy ALL slightly over 107.49 target 116.42 stop loss @ 107.18 Details
  • The technical summary data tells us to buy ALL near 107.49 with an upside target of 116.42. This data also tells us to set a stop loss @ 107.18 to protect against excessive loss in case the stock begins to move against the trade. 107.49 is the first level of support below 110.56 , and by rule, any test of support is a buy signal. In this case, support 107.49 is being tested, a buy signal would exist.

  • Short ALL slightly under 116.42, target 107.49, stop loss @ 116.76 Details
  • The technical summary data is suggesting a short of ALL as it gets near 116.42 with a downside target of 107.49. We should have a stop loss in place at 116.76though. 116.42 is the first level of resistance above 110.56, and by rule, any test of resistance is a short signal. In this case, if resistance 116.42 is being tested, a short signal would exist.

Swing Trading Plans for ALL
  • Buy ALL slightly over 116.42, target n/a, Stop Loss @ 116.08 Details
  • If 116.42 begins to break higher, the technical summary data tells us to buy ALL just slightly over 116.42, with an upside target of n/a. The data also tells us to set a stop loss @ 116.08 in case the stock turns against the trade. 116.42 is the first level of resistance above 110.56, and by rule, any break above resistance is a buy signal. In this case, 116.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short ALL slightly near 116.42, target 108.81, Stop Loss @ 116.76. Details
  • The technical summary data is suggesting a short of ALL if it tests 116.42 with a downside target of 108.81. We should have a stop loss in place at 116.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 116.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ALL
  • Buy ALL slightly over 116.42, target n/a, Stop Loss @ 116.15 Details
  • If 116.42 begins to break higher, the technical summary data tells us to buy ALL just slightly over 116.42, with an upside target of n/a. The data also tells us to set a stop loss @ 116.15 in case the stock turns against the trade. 116.42 is the first level of resistance above 110.56, and by rule, any break above resistance is a buy signal. In this case, 116.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short ALL slightly near 116.42, target 110.21, Stop Loss @ 116.69. Details
  • The technical summary data is suggesting a short of ALL if it tests 116.42 with a downside target of 110.21. We should have a stop loss in place at 116.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 116.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

This is a snapshot. Real Time Updates are available on our ALL Page.

ALL Ratings for September 04:

Term →Near Mid Long
Rating Strong Neutral Weak
P1 0 0 97.84
P2 108.35 104.95 107.49
P3 110.21 108.81 116.42
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Support and Resistance Plot Chart for ALL

ALL Long Term Analysis for September 4 2023

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Allstate (NYSE: ALL) data table below can help you with price action, and we have more details too. Trading plans for ALL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.