The Greedy Trader Weekly Analysis
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Weekly Pattern:Broadening Ascending Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Broadening Formations
Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.
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Assurant Inc. (AIZ)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a first positive week for the Assurant Inc. (AIZ). During the week, the AIZ climbed 1.05 points, or 0.80%, and closed at 132.87 on Friday, November 29, 2019. Weekly volume was -49% below average.

Long-term trend: [See AIZ long-term trend chart]
A long-term uptrend had started on November 20, 2008 at 12.52 and reached 134.25 on November 27, 2019. AIZ gained -121.73 points, or -972.28%, in 574 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (88.65) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AIZ medium-term trend chart]
A medium-term uptrend had started on April 22, 2019 at 91.84 and reached 134.25 on November 27, 2019. AIZ gained -42.41 points, or -46.18%, in 31 weeks. Price is near the trend high.

Weekly Technical Indicators: [See AIZ weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 17, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AIZ short-term trend chart]
A short-term uptrend had started on October 31, 2019 at 124.31 and reached 134.25 on November 27, 2019. AIZ gained -9.94 points, or -8.00%, in 27 days. The price is now at the 13.88% retracement level.

Daily Technical Indicators: [See AIZ daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since November 5, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.07
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 71.13
Bearish
Greed/Fear Indicator (GFI) 75.98
Moving Average Converg./Diverg. (MACD) 1.69 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.82
Overbought
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 85.27
Overbought
Greed/Fear Indicator (GFI) 80.24
Overbought
Moving Average Converg./Diverg. (MACD) 6.43 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 135.49
Daily Stochastic Crossing 133.13
Weekly Stochastic Crossing 132.96
Price 132.87
Parabolic System 131.82
20 Day Moving Average 130.71
50 Day Moving Average 127.67
Lower Bollinger Band 126.17
Yearly Trendline Resistance 123.99
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Accident/Health Insurance 125
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 124.31
Low Date 10/31/2019
High 134.25
High Date 11/27/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.25
Low Date 10/02/2019
High 134.25
High Date 11/27/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.84
Low Date 04/22/2019
High 134.25
High Date 11/27/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.31
Low Date 12/26/2018
High 134.25
High Date 11/27/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 123.99
Support 88.65
Low 12.52
Low Date 11/20/2008
High 134.25
High Date 11/27/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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