Allstate Corp (ALL): Price Now Near $116.69; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for ALL

At the time of this writing, ALL (Get Ratings)’s price is down $-0.27 (-0.23%) from the hour prior. This is the 2nd hour in a row ALL has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

ALL’s Technical Outlook on the Daily Chart

At the moment, ALL’s price is down $-1.18 (-1%) from the day prior. ALL has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows ALL’s price action over the past 90 days.

ALL

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market