ALL Price Prediction Next Week
Based on the provided data and recent market events, here's the price analysis and prediction for ALL (Allstate Corporation) for the next trading week:
Technical Analysis
- Current RSI (14) at 43.98 indicates neutral territory but slightly oversold
- MACD at -2.18 shows bearish momentum
- Price is currently below both SMA-20 (189.08) and SMA-60 (193.41), indicating short-term bearish trend
News Impact
- Major LA wildfires causing estimated damages between $250-275 billion
- Travelers Insurance has already warned of "material impact" on Q1 earnings
- Historical data shows insurance stocks tend to recover within 3 months after major disasters
Price Targets for Next Week Using Fibonacci levels:
- Resistance 1: $191.83
- Resistance 2: $195.81
- Support 1: $178.96
- Support 2: $174.98
Price Prediction & Trading Strategy Monday-Tuesday: Expect initial downward pressure to $182-184 range due to wildfire concerns Wednesday-Friday: Likely recovery towards $188-190 as market prices in the disaster impact
Trading recommendation: SELL Entry: Current price ($186.52) Target exit: $182.00 Stop loss: $191.83
Rationale:
- Immediate pressure from wildfire claims will likely push stock lower
- Technical indicators showing bearish momentum
- Historical precedent suggests temporary weakness before recovery
- Q1 earnings will be materially impacted as confirmed by peer companies
ALL Similar Chart Price Prediction
The price of ALL is predicted to go up 37.31%, based on the high correlation periods with ARIS. The similarity of these two price pattern on the periods is 90.53%.
ALL
ARIS
Up: 37.31%Similarity: 90.53%
ALL Revenue Forecast
ALL EPS Forecast
ALL FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
ALL VS S&P500
Allstate has historically had a differentiated approach through its use of captive agents and its bundling strategy.
The company has been increasing prices on many of its policies, which should lead to improved underlying profitability.
Allstate should be benefiting from higher interest rates.
ALL Analyst's Forecast
Elyse Greenspan
Wells Fargo
Hold
Price Target
$186 → $187
Upside
+0.26%
Wells Fargo analyst Elyse Greenspan raised the firm's price target on Allstate to $187 from $186 and keeps an Equal Weight rating on the shares. Discussing the insurance industry, Wells notes that for non-life insurance, the focus remains on cats, pricing, loss trend, reserves and margins. Domestically Q4 cats are above normal due to Milton, with international losses from Spanish floods. For Life insurance, the focus is on sales growth, rate commentary, Group results, and guides. Sales growth should continue to get attention, while group results are trending well, and life companies continue to return capital. Meanwhile, Brokers should continue to see good organic growth, the firm adds.
Alex Scott
Barclays
Sell
Price Target
$187 → $183
Upside
-2.13%
Paul Newsome
Piper Sandler
Buy
Price Target
$206 → $244
Upside
+17.76%