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Uptrend ExhaustionArchive
- 1/3/2025 -
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Assurant Inc. (AIZ) Technical Analysis
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| Summary:
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| | It was the negative week for the Assurant Inc. (AIZ). During the week, the AIZ dropped -3.20 points, or -1.49%, and closed at 211.90 on Friday, January 3, 2025. Weekly volume was -32% 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 181.06 and resistance is at 236.37. 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 price is near the trend support (211.14) 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 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 August 9, 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 downtrend had started on November 25, 2024 at 230.60 and reached 207.40 on December 18, 2024. AIZ lost 23.20 points, or 10.06%, in 23 days. The price is now at the 19.40% retracement level.
Daily Technical Indicators: [See AIZ daily technical indicators chart]
Daily technical indicators are neutral.
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 low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (210.17) comes close to the price (211.90). It indicates that the trend is getting weaker. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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