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Weekly W%R Divergence:Bullish
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 11/24/2023 -
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Assurant Inc. (AIZ) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
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It was a first positive week for the Assurant Inc. (AIZ). During the week, the AIZ gained 4.52 points, or 2.80%, and closed at 165.80 on Friday, November 24, 2023. 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 downtrend had started on April 21, 2022 at 194.12 and reached 104.49 on March 17, 2023. AIZ lost 89.63 points, or 46.17%, in 47 weeks. The price is now at the 68.40% retracement level.

Medium-term trend: [See AIZ medium-term trend chart]
A medium-term uptrend had started on May 31, 2023 at 118.45 and reached 167.81 on November 1, 2023. AIZ gained -49.36 points, or -41.67%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 153.68 and resistance is at 178.42. 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 medium-term trend.

Weekly Technical Indicators: [See AIZ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and 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 April 6, 2023. This is an indication that the medium-term trend is up. 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 August 29, 2023 at 136.15 and reached 167.81 on November 1, 2023. AIZ gained -31.66 points, or -23.25%, in 64 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (150.31) 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 short-term trend.

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.

The daily MACD line is below its signal line since November 15, 2023. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.56
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 72.25
Greed/Fear Indicator (GFI) 71.08
Moving Average Converg./Diverg. (MACD) 3.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.52
Bearish
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 75.64
Bearish
Greed/Fear Indicator (GFI) 77.36
Moving Average Converg./Diverg. (MACD) 5.24 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 178.42
Upper Bollinger Band 171.19
Price 165.80
Daily Stochastic Crossing 164.57
Weekly Trendline Resistance 163.55
Weekly Stochastic Crossing 162.35
Parabolic System 162.11
20 Day Moving Average 160.13
Monthly Trendline Support 153.68
50 Day Moving Average 151.55
Weekly Trendline Support 150.31
Lower Bollinger Band 147.91
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Multi-line Insurance 105
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 144.61
Low Date 10/20/2023
High 167.81
High Date 11/01/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 163.55
Support 150.31
Low 136.15
Low Date 08/29/2023
High 167.81
High Date 11/01/2023
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 178.42
Support 153.68
Low 118.45
Low Date 05/31/2023
High 167.81
High Date 11/01/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.49
Low Date 03/17/2023
High 167.81
High Date 11/01/2023
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.