How the price action of Allstate ($ALL) is used to our Advantage
September 04, 2023, 00:15 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
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.
Check the time stamp on this data. Updated AI-Generated Signals for Allstate (ALL) available here: ALL.
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 |
AI Generated Signals for ALL
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.
Fundamental Charts for ALL:
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