The Greedy Trader Weekly Analysis
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Assurant Inc. (AIZ)

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Summary:
Weekly :
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price has risen above the Parabolic SAR
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It was the negative week for the Assurant Inc. (AIZ). During the week, the AIZ dropped -7.07 points, or -6.65%, and closed at 99.21 on Friday, June 26, 2020. AIZ was trading at average weekly trading volume.

Long-term trend: [See AIZ long-term trend chart]
A long-term uptrend had started on November 20, 2008 at 12.52 and reached 142.61 on February 18, 2020. AIZ gained -130.09 points, or -1039.06%, in 586 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 92.62 and resistance is at 129.34. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AIZ medium-term trend chart]
A medium-term uptrend had started on March 19, 2020 at 76.27 and reached 117.82 on June 10, 2020. AIZ gained -41.55 points, or -54.48%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 89.75 and resistance is at 118.70. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AIZ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 5, 2020. 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 downtrend had started on June 10, 2020 at 117.82 and reached 97.67 on June 26, 2020. AIZ lost 20.15 points, or 17.10%, in 16 days. The price is now at the 7.64% retracement level.

Daily Technical Indicators: [See AIZ daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 daily MACD line is below its signal line since June 15, 2020. This is an indication that the short-term trend is down.

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) 17.03
Oversold
Williams' Percentage Range (W%R) 93.90
Strong Oversold
Lane's Stochastic (%D-Slow) 12.29
Oversold
Greed/Fear Indicator (GFI) 11.79
Oversold
Moving Average Converg./Diverg. (MACD) 0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.34
Williams' Percentage Range (W%R) 65.90
Lane's Stochastic (%D-Slow) 69.09
Greed/Fear Indicator (GFI) 50.72
Moving Average Converg./Diverg. (MACD) -5.01
Trading Signals
Description Value Chart
Weekly Trendline Resistance 118.70
Upper Bollinger Band 115.00
Parabolic System 108.76
Weekly Stochastic Crossing 107.88
20 Day Moving Average 107.32
50 Day Moving Average 103.43
Price 99.21
Daily Stochastic Crossing 99.11
Lower Bollinger Band 94.66
Yearly Trendline Support 92.62
Weekly Trendline Support 89.75
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Multi-line Insurance 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 117.82
High Date 06/10/2020
Low 97.67
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 118.70
Support 89.75
Low 76.27
Low Date 03/19/2020
High 117.82
High Date 06/10/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 142.61
High Date 02/18/2020
Low 76.27
Low Date 03/19/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.31
Low Date 12/26/2018
High 142.61
High Date 02/18/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 129.34
Support 92.62
Low 12.52
Low Date 11/20/2008
High 142.61
High Date 02/18/2020
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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