AIZ finds buyers at key support level


Assurant Inc (AIZ) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
AIZ finds buyers at key support level
AIZ unable to break through key resistance level
AIZ closes within previous day's range
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

AIZ finished the week -1.72% lower at 106.28 after gaining $0.33 (0.31%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.

Daily chart for AIZ
Volatility

Friday's trading range was $3.03 (2.89%), that's far above last trading month's daily average range of $2.07. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly below average.

Support/Resistance

After trading as low as 104.15 during the day, the market bounced off the key support level at 104.33. The failure to close below the support could increase that levels importance as support going forward. Unable to break through the key technical resistance level at 106.50, Assurant Inc closed below it after spiking as high as 107.18 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.

Trend

Though the share is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Assurant Inc
Condition Forecast Direction Win Avg Worst Best Events
Down Close Near Low of Period TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Black Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

AIZ tanks -1.54% closing $1.66 lower

Aug 16, 2018
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