The Greedy Trader Weekly Analysis
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Daily MACD Divergence:Bullish
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Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.

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- 6/7/2024 -
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Assurant Inc. (AIZ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Daily  MACD line has moved above its signal line
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It was the negative week for the Assurant Inc. (AIZ). During the week, the AIZ gave back -0.13 points, or -0.07%, and closed at 173.34 on Friday, June 7, 2024. Weekly volume was -12% below average.

AIZ is a member of Financials Sector. Financials is the second 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 (184.58) is broken. A broken support is considered to be a long-term bearish signal. 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 downtrend had started on March 28, 2024 at 189.48 and reached 166.24 on May 23, 2024. AIZ lost 23.24 points, or 12.27%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 164.09 and resistance is at 180.65. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend 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 uptrend had started on May 23, 2024 at 166.24 and reached 175.00 on June 3, 2024. AIZ gained -8.76 points, or -5.27%, in 11 days. The price is now at the 18.95% retracement level.

Daily Technical Indicators: [See AIZ daily technical indicators chart]
Daily technical indicators are neutral.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.26
Williams' Percentage Range (W%R) 50.00
Lane's Stochastic (%D-Slow) 70.44
Greed/Fear Indicator (GFI) 54.90
Moving Average Converg./Diverg. (MACD) -1.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.22
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 26.79
Greed/Fear Indicator (GFI) 36.29
Moving Average Converg./Diverg. (MACD) 5.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 204.00
Quarterly Trendline Support 184.58
Monthly Trendline Resistance 180.65
Upper Bollinger Band 178.54
50 Day Moving Average 175.29
Price 173.34
Daily Stochastic Crossing 172.91
20 Day Moving Average 172.49
Parabolic System 170.34
Weekly Stochastic Crossing 170.23
Lower Bollinger Band 166.85
Monthly Trendline Support 164.09
Sector and Industry
Description Name Rank
Sector Financials 8
Industry Multi-line Insurance 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 166.24
Low Date 05/23/2024
High 175.00
High Date 06/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 183.75
High Date 05/08/2024
Low 166.24
Low Date 05/23/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 180.65
Support 164.09
High 189.48
High Date 03/28/2024
Low 166.24
Low Date 05/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 204.00
Support 184.58
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.