ePlus 15min Chart Triggers Bollinger Bands Narrowing, KDJ Death Cross Alert

Based on ePlus's 15-minute chart, there are two significant technical indicators worth noting: Bollinger Bands Narrowing and KDJ Death Cross. The former suggests a decrease in the magnitude of stock price fluctuations, while the latter indicates a shift in momentum towards the downside, which could potentially lead to further decreases in stock price. These indicators were observed on August 21, 2025 at 16:00.

Allstate Corporation (ALL) experienced a significant drop of 3.31% on August 21, 2025, closing at $206.55 after trading between $206.43 and $212.99. This decline was driven by a combination of technical indicators that suggest persistent bearish pressure.

The most notable technical indicators contributing to the stock's decline include Bollinger Bands narrowing and the KDJ Death Cross. Bollinger Bands, which measure volatility by plotting two standard deviations above and below a simple moving average, showed a narrowing of their bandwidth, indicating a decrease in the magnitude of stock price fluctuations. This suggests a period of consolidation rather than a continuation of the downtrend [1].

The KDJ Death Cross, a bearish reversal pattern, was observed on August 21, 2025, at 16:00. This indicator, which uses the K and D lines of the KDJ oscillator, crossed below the J line, signaling a shift in momentum towards the downside. This pattern often precedes further decreases in stock price [2].

Other technical indicators also reinforced the bearish trend. The 50/100-day SMAs were trending downward, and the MACD histogram showed increasing negative momentum. The RSI neared oversold levels without bullish divergence, indicating that the selling pressure was intensifying. The volume analysis revealed elevated trading activity, suggesting conviction behind the selloff [1].

Key support levels at $188.80 (Fibonacci 78.6% retracement) and $195.80 (200-day SMA) were tested, while $213–$214 remained critical resistance. The Bollinger Bands expanded, reflecting rising volatility after a contraction phase. The RSI reading of 38 approached oversold territory but lacked reversal triggers, indicating underlying weakness [1].

In conclusion, the combination of Bollinger Bands narrowing, the KDJ Death Cross, and other technical indicators suggests that Allstate's stock may continue to face downward pressure in the near term. Investors should closely monitor these indicators and the broader market conditions for any potential changes in the trend.

References:
[1] https://www.ainvest.com/news/allstate-stock-drops-3-31-technical-indicators-signal-persistent-bearish-pressure-2508/
[2] https://www.ainvest.com/news/kdj-death-cross-bearish-momentum-indicator-2509/