Allstate Corp. stock trades under the ticker ALL & has shown recent bullishness that traders & investors should research further into.
ALL stock closed at $118.29/share on 8/9/2022.
Allstate Corp. ALL Stock’s Technical Performance Broken Down
ALL Stock Price: $118.29
10 Day Moving Average: $116.09
50 Day Moving Average: $124.25
200 Day Moving Average: $123.19
RSI: 46.17
MACD: -2.527
Yesterday, ALL stock completed a bullish MACD crossover, gapping up 1.1%.
Their recent trading volumes are about average for the year prior & their RSI is still neutral, signaling that there may be more momentum to come as they begin to establish a new range.
They have support at the $117.64 & $116.38/share price level, as they try to break above the $119.61 & $119.81 resistance levels.
Allstate Corp. ALL Stock As A Long-Term Investment
Long-term oriented investors will like ALL stock’s valuation metrics, with a 10.05 P/E (ttm) & a 1.33 P/B (mrq).
They recently reported -3.4% Quarterly Revenue Growth Y-o-Y.
Their balance sheet reports $5.15B of Total Cash (mrq), with $8.01B of Total Debt (mrq).
ALL stock pays a 2.84% dividend yield, which may not be sustainable in the long-run, as their payout ratio is -25%.
Still, 79.9% of their outstanding share float is owned by institutional investors.
Allstate Corp. ALL Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to hedge against market volatility, while profiting from price movements in any direction.
I am looking at the contracts with the 8/19 expiration date.
The $115, $110 & $100 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $120, $125 & $130 puts are also in-the-money, with the former being more liquid than the latter two.
Tying It All Together
ALL stock offers many unique characteristics to their shareholders’ portfolios.
Investors will like their valuation metrics & balance sheet, but may want to research the sustainability of their dividend further before investing.
Traders will like their current technical set up, and the liquidity of their options.
All-in-all, it is worth taking a closer look into ALL stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF ALL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***