NYSE trade advice (B): US property-casualty insurer stock | 4-5% gain | USA stock trading signal on 27 Nov 2024

Date
November 27, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Trading Tips for US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Allstate Corporation
  • 203 – 207
  • 215 – 217
  • Below 198
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    Allstate Corporation
  • Buy
    Range
    203 – 207
  • Target
    215 – 217
  • Stoploss
    Below 198
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Allstate Corporation (NYSE: ALL) - Stock Overview

  • NYSE Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • ALL
  • Allstate Corporation
  • Property-Casualty Insurer
  • 205.35
  • 134.17
  • NYSE Code ALL
  • Stock Name Allstate Corporation
  • Sector Property-Casualty Insurer
  • 52 Weeks High 205.35
  • 52 Weeks Low 134.17
  • Allstate Corporation (NYSE: ALL) vs NYSE - Relative Strength Comparison

    The image compares Allstate Corporation's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    ALL —   NYSE —

  • Allstate Corporation (NYSE: ALL) - Technical Analysis (Daily)

    Allstate Corporation - Technical Analysis chart on Daily Price and Volume
    Allstate Corporation - Technical Analysis chart on Daily Price and Volume

    • After a period of consolidation, the stock price has formed an Inverted Head & Shoulders pattern.
    • Upon breaking out, the price has entered an ascending parallel channel and is trending upward.
    • We expect a breakout from this channel, which may propel the price to new heights.
  • Allstate Corporation (NYSE: ALL) - RSI Indicator

    Allstate Corporation stock analysis based on RSI indicator
    Allstate Corporation - RSI indicator

    • Current RSI of this stock is 69.36, which indicates the strength of buyers.

  • Allstate Corporation (NYSE: ALL) - ADX & DI Indicator

    Allstate Corporation stock analysis based on ADX & DI indicator
    Allstate Corporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Allstate Corporation (NYSE: ALL) - MACD Indicator

    Allstate Corporation stock analysis based on MACD indicator
    Allstate Corporation - MACD indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Allstate Corporation (NYSE: ALL) Stock Price Forecast

    Based on our swing stock trading advisory in USA, Allstate Corporation stock price target will be USD 215 - USD 217 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    6 days
    2 Dec 2024
    26 Dec 2024
    29 Dec 2024
    Loss per
    100,000 SAR
    6 days
    -2,463
    Stop-loss
    198
    Buy Advice
    2 Dec 2024
    203 – 207
    Target 1
    26 Dec 2024
    215
    Target 2
    29 Dec 2024
    217
    Profit per
    100,000 SAR
    -2,463
    198
    203 – 207
    215
    217
    6 days
    2 Dec 2024
    26 Dec 2024
    29 Dec 2024
    Loss per
    100,000 SAR
    6 days
    -2,463
    Stop-loss
    198
    Buy Advice
    2 Dec 2024
    203 – 207
    Target 1
    26 Dec 2024
    215
    Target 2
    29 Dec 2024
    217
    Profit per
    100,000 SAR
    -2,463
    198
    203 – 207
    215
    217
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Allstate Corporation
  • 203 – 207
  • 215 – 217
  • Below 198
  • 4% – 5%
  • 12 - 14 Days
  • Buy Allstate Corporation
  • Buy
    Range
    203 – 207
  • Target 215 – 217
  • Stoploss Below 198
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Allstate Corporation
  • 203 – 207
  • 215 – 217
  • Below 198
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    Allstate Corporation
  • Buy
    Range
    203 – 207
  • Target
    215 – 217
  • Stoploss
    Below 198
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Allstate Corporation (NYSE: ALL) - Stock Overview

  • NYSE Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • ALL
  • Allstate Corporation
  • Property-Casualty Insurer
  • 205.35
  • 134.17
  • NYSE Code ALL
  • Stock Name Allstate Corporation
  • Sector Property-Casualty Insurer
  • 52 Weeks High 205.35
  • 52 Weeks Low 134.17
  • Company profile

    Allstate Corporation and its subsidiaries offer property, casualty, and various insurance products in the U.S. and Canada. It operates in five segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property-Liability, and Corporate and Other. The Allstate Protection segment provides auto and homeowners insurance, along with other personal and commercial lines through agents and online. Protection Services offers consumer product protection, vehicle service contracts, roadside assistance, and identity theft protection under brands like Allstate Protection Plans and Arity. The Health and Benefits segment includes life, accident, and health insurance products for individuals and employers. The Run-off Property-Liability segment covers policies from the 1960s to mid-1980s. The Corporate segment handles debt services and non-insurance operations. Products are sold through various channels, including agents, retailers, and online. Allstate was founded in 1931 and is based in Northbrook, Illinois.

  • Allstate Corporation (NYSE: ALL) vs NYSE - Relative Strength Comparison

    The image compares Allstate Corporation's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    ALL —   NYSE —

  • Allstate Corporation (NYSE: ALL) - Technical Analysis (Daily)

    Allstate Corporation - Technical Analysis chart on Daily Price and Volume
    Allstate Corporation - Technical Analysis chart on Daily Price and Volume

    • After a period of consolidation, the stock price has formed an Inverted Head & Shoulders pattern.
    • Upon breaking out, the price has entered an ascending parallel channel and is trending upward.
    • We expect a breakout from this channel, which may propel the price to new heights.
  • Allstate Corporation (NYSE: ALL) - RSI Indicator

    Allstate Corporation stock analysis based on RSI indicator
    Allstate Corporation - RSI indicator

    • Current RSI of this stock is 69.36, which indicates the strength of buyers.

  • Allstate Corporation (NYSE: ALL) - ADX & DI Indicator

    Allstate Corporation stock analysis based on ADX & DI indicator
    Allstate Corporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Allstate Corporation (NYSE: ALL) - MACD Indicator

    Allstate Corporation stock analysis based on MACD indicator
    Allstate Corporation - MACD indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Allstate Corporation (NYSE: ALL) Stock Price Forecast

    Based on our swing stock trading advisory in USA, Allstate Corporation stock price target will be USD 215 - USD 217 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website