Analysis Summary For AllState Corporation (ALL)
Analysis Date: August 4th, 2023
Time Target: October 31st, 2023 (+/- 5 trading days)
Price Target: $94 (+/- $3)
Projected Move: 60% gain by January, 2025 (~16 months)
Our work shows that The Allstate Corporation (ALL) will experience about 60% increase between October/November of 2023 and January of 2025.
Trading Recommendation:
A long position should be established as soon as ALL approaches the range of $94 (+/- $3) which is expected to happen near October 31st. A stop loss should be placed at $88. If ALL pushes below this level, the overall forecast will fail. About 60% increase should follow into January of 2025, i.e., the fast move length is about 16 months.
A more detailed analysis will be available as we get closer to the October turning point.
