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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.

The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.

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- 9/22/2023 -
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Assurant Inc. (AIZ) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a second consecutive positive week for the Assurant Inc. (AIZ). During the week, the AIZ gained 6.37 points, or 4.59%, and closed at 145.02 on Friday, September 22, 2023. Weekly volume was -39% 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 145.85 on September 22, 2023. AIZ gained -41.36 points, or -39.58%, in 27 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 140.82 and resistance is at 151.24. 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 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 145.85 on September 22, 2023. AIZ gained -27.40 points, or -23.13%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 140.70 and resistance is at 159.64. 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 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 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 145.85 on September 22, 2023. AIZ gained -9.70 points, or -7.12%, in 24 days. The chart has formed a Rising Channel chart pattern.

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

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 4.94% on Friday. It is 57.77% lower than one year average. It indicates the period of low volatility of the stock price. 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) 63.50
Williams' Percentage Range (W%R) 22.90
Lane's Stochastic (%D-Slow) 81.52
Overbought
Greed/Fear Indicator (GFI) 74.04
Moving Average Converg./Diverg. (MACD) 0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.56
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 76.27
Greed/Fear Indicator (GFI) 77.56
Moving Average Converg./Diverg. (MACD) 1.52 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 159.64
Monthly Trendline Resistance 151.24
Price 145.02
Daily Stochastic Crossing 144.62
Upper Bollinger Band 143.92
Weekly Stochastic Crossing 142.67
Monthly Trendline Support 140.82
Weekly Trendline Support 140.70
20 Day Moving Average 139.84
Parabolic System 139.02
50 Day Moving Average 137.93
Lower Bollinger Band 136.78
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Multi-line Insurance 112
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 136.15
Low Date 08/29/2023
High 145.85
High Date 09/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 159.64
Support 140.70
Low 118.45
Low Date 05/31/2023
High 145.85
High Date 09/22/2023
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 151.24
Support 140.82
Low 104.49
Low Date 03/17/2023
High 145.85
High Date 09/22/2023
Quarterly Trend
Yearly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.52
Low Date 11/20/2008
High 194.12
High Date 04/21/2022
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.