Trading (ALL) With Integrated Risk Controls

February 16, 2024, 21:04 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALL

• Buy ALL slightly over 155.39 target n/a stop loss @ 154.94. Details

The technical summary data tells us to buy ALL near 155.39, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 154.94 to protect against excessive loss in case the stock begins to move against the trade. 155.39 is the first level of support below 161.78, and by rule, any test of support is a buy signal. In this case, if support 155.39 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for ALL

• Buy ALL slightly over 163.38, target n/a, Stop Loss @ 162.91 Details

If 163.38 begins to break higher, the technical summary data tells us to buy ALL just slightly over 163.38, with an upside target of n/a. The data also tells us to set a stop loss @ 162.91 in case the stock turns against the trade. 163.38 is the first level of resistance above 161.78, and by rule, any break above resistance is a buy signal. In this case, 163.38, 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 163.38, target 159.72, Stop Loss @ 163.85. Details

The technical summary data is suggesting a short of ALL if it tests 163.38 with a downside target of 159.72. We should have a stop loss in place at 163.85 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, 163.38, 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 162.32, target 163.38, Stop Loss @ 161.94 Details

If 162.32 begins to break higher, the technical summary data tells us to buy ALL just slightly over 162.32, with an upside target of 163.38. The data also tells us to set a stop loss @ 161.94 in case the stock turns against the trade. 162.32 is the first level of resistance above 161.78, and by rule, any break above resistance is a buy signal. In this case, 162.32, 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 162.32, target 159.91, Stop Loss @ 162.7. Details

The technical summary data is suggesting a short of ALL if it tests 162.32 with a downside target of 159.91. We should have a stop loss in place at 162.7 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, 162.32, 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 February 16:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	127.84
P2	159.91	159.72	141.48
P3	162.32	163.38	155.39

AI Generated Signals for ALL

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Allstate Corporation (the) (NYSE: ALL) report below can help you, but we have more details too. The trading plans for ALL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.