Allstate Technical Analysis (NYSE:ALL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Allstate stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ALL stock chart which creates a trading signal.
See Allstate bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Allstate stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Allstate Moving Average
Moving averages help predict the price direction of ALL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $96.22 is above the price of $94.92.
Allstate Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Allstate. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $94.92 is in the lower range of Allstate bollinger bands.
Allstate Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Allstate MACD line is above the signal line.
Allstate Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 35.11 is the RSI value of ALL stock.