The Greedy Trader Weekly Analysis
Sign In Apr 12, 2024
Skip Navigation Links
TA Search
Share
Quarterly Pattern:Broadening Ascending Wedge
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Advanced TA Search

Archive
- 4/5/2024 -
Sign In to see current Signals.

Assurant Inc. (AIZ) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support lineLane's Stochastic is overboughtStochastic has declined below the signal lineMACD bearish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBullish Homing Pigeon CandlestickTrend support at 180.61The price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Assurant Inc. (AIZ). During the week, the AIZ dropped -8.39 points, or -4.46%, and closed at 179.85 on Friday, April 5, 2024. AIZ was trading at average weekly trading volume.

AIZ is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AIZ long-term trend chart]
A long-term uptrend had started on March 17, 2023 at 104.49 and reached 189.48 on March 28, 2024. AIZ gained -84.99 points, or -81.34%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 177.04 and resistance is at 194.03. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See AIZ medium-term trend chart]
A medium-term uptrend had started on May 31, 2023 at 118.45 and reached 189.48 on March 28, 2024. AIZ gained -71.03 points, or -59.97%, in 43 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (183.28) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See AIZ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 16, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 11, 2024 at 162.57 and reached 189.48 on March 28, 2024. AIZ gained -26.91 points, or -16.55%, in 77 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (180.61) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See AIZ daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See AIZ candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.29
Williams' Percentage Range (W%R) 69.40
Lane's Stochastic (%D-Slow) 46.38
Greed/Fear Indicator (GFI) 41.41
Moving Average Converg./Diverg. (MACD) 2.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.95
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 83.35
Overbought
Greed/Fear Indicator (GFI) 70.90
Moving Average Converg./Diverg. (MACD) 8.77 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 197.24
Quarterly Trendline Resistance 194.03
Weekly Trendline Resistance 191.13
Parabolic System 189.22
Upper Bollinger Band 188.13
Weekly Stochastic Crossing 186.22
Monthly Trendline Support 183.28
Daily Stochastic Crossing 182.68
20 Day Moving Average 181.82
Weekly Trendline Support 180.61
Price 179.85
50 Day Moving Average 177.39
Quarterly Trendline Support 177.04
Lower Bollinger Band 175.34
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Multi-line Insurance 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 189.48
High Date 03/28/2024
Low 178.52
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 191.13
Support 180.61
Low 162.57
Low Date 01/11/2024
High 189.48
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 197.24
Support 183.28
Low 118.45
Low Date 05/31/2023
High 189.48
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 194.03
Support 177.04
Low 104.49
Low Date 03/17/2023
High 189.48
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 194.12
High Date 04/21/2022
Low 104.49
Low Date 03/17/2023
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.