The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 12/13/2024 -
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Assurant Inc. (AIZ) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Lane's Stochastic is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Assurant Inc. (AIZ). During the week, the AIZ dropped -6.42 points, or -2.86%, and closed at 217.80 on Friday, December 13, 2024. Weekly volume was -25% below average.

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 230.60 on November 25, 2024. AIZ gained -126.11 points, or -120.69%, in 88 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 178.93 and resistance is at 233.21. 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 July 8, 2024 at 160.12 and reached 230.60 on November 25, 2024. AIZ gained -70.48 points, or -44.02%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 205.83 and resistance is at 239.81. 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 medium-term trend.

Weekly Technical Indicators: [See AIZ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 9, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 November 25, 2024 at 230.60 and reached 215.60 on December 11, 2024. AIZ lost 15.00 points, or 6.50%, in 16 days. The price is now at the 14.67% retracement level.

Daily Technical Indicators: [See AIZ daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic.

The daily MACD line is below its signal line since December 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.86
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 9.67
Strong Oversold
Greed/Fear Indicator (GFI) 22.51
Moving Average Converg./Diverg. (MACD) 4.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.49
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 88.55
Overbought
Greed/Fear Indicator (GFI) 76.92
Moving Average Converg./Diverg. (MACD) 9.09
Trading Signals
Description Value Chart
Monthly Trendline Resistance 239.81
Quarterly Trendline Resistance 233.21
Upper Bollinger Band 226.63
Weekly Stochastic Crossing 225.35
Parabolic System 225.01
20 Day Moving Average 222.77
Price 217.80
Daily Stochastic Crossing 216.92
Lower Bollinger Band 211.15
50 Day Moving Average 207.49
Monthly Trendline Support 205.83
Quarterly Trendline Support 178.93
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Multi-line Insurance 97
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 226.39
High Date 12/05/2024
Low 215.60
Low Date 12/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 230.60
High Date 11/25/2024
Low 215.60
Low Date 12/11/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 239.81
Support 205.83
Low 160.12
Low Date 07/08/2024
High 230.60
High Date 11/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 233.21
Support 178.93
Low 104.49
Low Date 03/17/2023
High 230.60
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.52
Low Date 11/20/2008
High 230.60
High Date 11/25/2024
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.