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

October 07, 2024, 19:42 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALL

• Buy ALL near 176.02 target 187.3 stop loss @ 175.51 Details

The technical summary data tells us to buy ALL near 176.02 with an upside target of 187.3. This data also tells us to set a stop loss @ 175.51 to protect against excessive loss in case the stock begins to move against the trade. 176.02 is the first level of support below 180.05 , and by rule, any test of support is a buy signal. In this case, support 176.02 would be being tested, so a buy signal would exist.

• Short ALL slightly under 187.3, target 176.02, stop loss @ 187.84 Details

The technical summary data is suggesting a short of ALL as it gets near 187.3 with a downside target of 176.02. We should have a stop loss in place at 187.84though. 187.3 is the first level of resistance above 180.05, and by rule, any test of resistance is a short signal. In this case, if resistance 187.3 is being tested, so a short signal would exist.

Swing Trading Plans for ALL

• Buy ALL slightly over 183.9, target 187.3, Stop Loss @ 183.37 Details

If 183.9 begins to break higher, the technical summary data tells us to buy ALL just slightly over 183.9, with an upside target of 187.3. The data also tells us to set a stop loss @ 183.37 in case the stock turns against the trade. 183.9 is the first level of resistance above 180.05, and by rule, any break above resistance is a buy signal. In this case, 183.9, 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 183.9, target 176.02, Stop Loss @ 184.43. Details

The technical summary data is suggesting a short of ALL if it tests 183.9 with a downside target of 176.02. We should have a stop loss in place at 184.43 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, 183.9, 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 181.8, target 183.9, Stop Loss @ 181.38 Details

If 181.8 begins to break higher, the technical summary data tells us to buy ALL just slightly over 181.8, with an upside target of 183.9. The data also tells us to set a stop loss @ 181.38 in case the stock turns against the trade. 181.8 is the first level of resistance above 180.05, and by rule, any break above resistance is a buy signal. In this case, 181.8, 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 181.8, target 176.02, Stop Loss @ 182.22. Details

The technical summary data is suggesting a short of ALL if it tests 181.8 with a downside target of 176.02. We should have a stop loss in place at 182.22 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, 181.8, 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 Corporation (the) (ALL) available here: ALL.

ALL Ratings for October 07:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	176.02
P2	181.8	183.9	187.3
P3	186.28	188.51	198.43

AI Generated Signals for ALL

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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 Corporation (the) (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.