The Allstate Short Term: target 157.1
May 8, 2024 07:48
The Allstate (ALL.US)
0.49+0.29%
target 157.1.
Our pivot point stands at 175.5.
Our preference: target 157.1.
Alternative scenario: the upside breakout of 175.5 would call for 181.7 and 185.2.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (169.4665) but above its 50 day moving average (166.1788).
Supports and resistances:
185.2 **
181.7 *
175.5 **
173.1
168.19 (USD-last)
160.6
157.1 **
153.5 *
150 **
Our preference: target 157.1.
Alternative scenario: the upside breakout of 175.5 would call for 181.7 and 185.2.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (169.4665) but above its 50 day moving average (166.1788).
Supports and resistances:
185.2 **
181.7 *
175.5 **
173.1
168.19 (USD-last)
160.6
157.1 **
153.5 *
150 **
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