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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- 5/17/2024 -
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Assurant Inc. (AIZ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :The period of low volatility of the stock price
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It was the negative week for the Assurant Inc. (AIZ). During the week, the AIZ gave back -0.90 points, or -0.51%, and closed at 175.60 on Friday, May 17, 2024. Weekly volume was -16% 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 (180.96) 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 169.78 on April 17, 2024. AIZ lost 19.70 points, or 10.40%, in 2 weeks. The price is now at the 29.54% retracement level.

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. 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 April 17, 2024 at 169.78 and reached 183.75 on May 8, 2024. AIZ gained -13.97 points, or -8.23%, in 21 days. The price is now at the 58.34% retracement level.

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

The daily MACD line is above its signal line since April 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

The distance between the Bollinger Bands is falling, and it was 4.15% on Friday. It is 50.71% 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) 50.71
Williams' Percentage Range (W%R) 57.20
Lane's Stochastic (%D-Slow) 39.00
Greed/Fear Indicator (GFI) 44.18
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.32
Williams' Percentage Range (W%R) 48.10
Lane's Stochastic (%D-Slow) 27.82
Greed/Fear Indicator (GFI) 42.89
Moving Average Converg./Diverg. (MACD) 7.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 200.38
Quarterly Trendline Support 180.96
Upper Bollinger Band 179.99
Parabolic System 179.30
50 Day Moving Average 178.03
Weekly Stochastic Crossing 176.06
20 Day Moving Average 176.06
Daily Stochastic Crossing 175.97
Price 175.60
Lower Bollinger Band 172.73
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Multi-line Insurance 71
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 183.75
High Date 05/08/2024
Low 174.00
Low Date 05/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 169.78
Low Date 04/17/2024
High 183.75
High Date 05/08/2024
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
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 200.38
Support 180.96
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.