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Allstate Corp - ALL trading signal

U.S. stock price signals and analysis

Good morning Traders,

With the close on January 13,  Lift-Off confirms a LONG trading signal on the U.S. stock Allstate Corp (Ticker: ALL) listed on the NYSE and part of the S&P500 (SPX) index.

The stock closed at US$138.99 per share, marking a +1.40 percent.

Allstate Corp has posted a positive performance of about 15 percent in 2022, despite a year of declines in financial markets. The signal formed after a price retracement, with a restart from the green Lift-Off band and on a former resistance level now possible support. In addition, the price is near all-time highs, showing relative strength despite some weak balance sheet data.

Below chart of Allstate Corp - ALL- with the signal detected by Lift-Off 

The company is active in the "Finance" industry particularly in the "Property/Casualty Insurance Industry"

Profile

Allstate Corporation is a multinational insurance company based in the United States. It offers a wide range of auto, property and liability, life and casualty insurance products for individuals and families. It also provides financial products such as investments and retirement planning. 

The company was founded on April 17, 1931 and is headquartered in Northbrook, Illinois.

Next earnings announcement for Q4 2022:February 1, 2023

Q3 2022 Results

EPS: Reported -1.56 / Expected -1.42 / Previous -0.76

Turnover: Reported 12.04B/ Forecasted 111.66B/ previous 11.51B

Financial Overview: Current market capitalization of ALL amounts to 36.856B USD. The next earnings release date for Allstate Corporation (The) is Feb. 1. The estimate is USD 1.92.

Accounts, including revenue, expenses, profit and loss:Allstate's total revenue for the latest quarter is USD 13.21B, up 8.09% from the previous quarter. Net income in Q3 22 is -668.00M USD.

Overview data and accounts source: Tradingview.com

Signal board January 16, 2023

LONG - Allstate Corp - ALL

Input price: 138.99 USD (and any opening price, avoid too large GAPs)

Important:

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