(ALL) Trading Signals

August 08, 2024, 17:26 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALL

• Buy ALL slightly over 167.7 target 180.65 stop loss @ 167.22 Details

The technical summary data tells us to buy ALL near 167.7 with an upside target of 180.65. This data also tells us to set a stop loss @ 167.22 to protect against excessive loss in case the stock begins to move against the trade. 167.7 is the first level of support below 170.52 , and by rule, any test of support is a buy signal. In this case, support 167.7 would be being tested, so a buy signal would exist.

• Short ALL slightly under 180.65, target 167.7, stop loss @ 181.17 Details

The technical summary data is suggesting a short of ALL as it gets near 180.65 with a downside target of 167.7. We should have a stop loss in place at 181.17though. 180.65 is the first level of resistance above 170.52, and by rule, any test of resistance is a short signal. In this case, if resistance 180.65 is being tested, so a short signal would exist.

Swing Trading Plans for ALL

• Buy ALL slightly over 174.89, target 180.65, Stop Loss @ 174.38 Details

If 174.89 begins to break higher, the technical summary data tells us to buy ALL just slightly over 174.89, with an upside target of 180.65. The data also tells us to set a stop loss @ 174.38 in case the stock turns against the trade. 174.89 is the first level of resistance above 170.52, and by rule, any break above resistance is a buy signal. In this case, 174.89, 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 174.89, target 168.81, Stop Loss @ 175.4. Details

The technical summary data is suggesting a short of ALL if it tests 174.89 with a downside target of 168.81. We should have a stop loss in place at 175.4 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, 174.89, 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 172.23, target 174.89, Stop Loss @ 171.83 Details

If 172.23 begins to break higher, the technical summary data tells us to buy ALL just slightly over 172.23, with an upside target of 174.89. The data also tells us to set a stop loss @ 171.83 in case the stock turns against the trade. 172.23 is the first level of resistance above 170.52, and by rule, any break above resistance is a buy signal. In this case, 172.23, 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 172.23, target 168.81, Stop Loss @ 172.63. Details

The technical summary data is suggesting a short of ALL if it tests 172.23 with a downside target of 168.81. We should have a stop loss in place at 172.63 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, 172.23, 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 August 08:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	167.7
P2	167.78	168.81	180.65
P3	172.23	174.89	193.67

AI Generated Signals for ALL

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Trading Allstate Corporation (the) (NYSE: ALL) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ALL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ALL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ALL too.  All of these are offered below the Summary Table.