The Greedy Trader Weekly Analysis
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Daily RSI:< 30
Number of records: 10
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 4/19/2024 -
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Assurant Inc. (AIZ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldA Parabolic SAR indicator is below and near the price
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It was the negative week for the Assurant Inc. (AIZ). During the week, the AIZ gave back -0.36 points, or -0.21%, and closed at 173.83 on Friday, April 19, 2024. Weekly volume was -26% 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 189.48 on March 28, 2024. AIZ gained -84.99 points, or -81.34%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (179.58) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AIZ may retest the broken support line. It is considered to be a resistance line now. 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 support 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 189.48 on March 28, 2024. AIZ gained -71.03 points, or -59.97%, in 43 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (182.36) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AIZ may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since April 5, 2024. 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 March 28, 2024 at 189.48 and reached 169.78 on April 17, 2024. AIZ lost 19.70 points, or 10.40%, in 20 days. The price is now at the 20.56% retracement level.

Daily Technical Indicators: [See AIZ daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

A Parabolic SAR (stop and reversal) indicator (174.82) comes close to the price (173.83). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.10
Williams' Percentage Range (W%R) 89.30
Oversold
Lane's Stochastic (%D-Slow) 9.16
Strong Oversold
Greed/Fear Indicator (GFI) 14.64
Oversold
Moving Average Converg./Diverg. (MACD) -0.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.50
Williams' Percentage Range (W%R) 62.70
Lane's Stochastic (%D-Slow) 61.16
Greed/Fear Indicator (GFI) 50.27
Moving Average Converg./Diverg. (MACD) 8.57
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 196.01
Monthly Trendline Resistance 194.63
Upper Bollinger Band 188.41
Monthly Trendline Support 182.36
Weekly Stochastic Crossing 180.75
Quarterly Trendline Support 179.58
20 Day Moving Average 179.10
50 Day Moving Average 178.31
Parabolic System 174.82
Price 173.83
Daily Stochastic Crossing 170.88
Lower Bollinger Band 165.12
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Multi-line Insurance 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 169.78
Low Date 04/17/2024
High 173.88
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 189.48
High Date 03/28/2024
Low 169.78
Low Date 04/17/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 194.63
Support 182.36
Low 118.45
Low Date 05/31/2023
High 189.48
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 196.01
Support 179.58
Low 104.49
Low Date 03/17/2023
High 189.48
High Date 03/28/2024
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.