AIZ pushes through key resistance level


Technical Analysis Report for AIZ - May 17, 2018 [< 1 min read]
Highlights
AIZ pushes through key resistance level
AIZ closes higher for the 3rd day in a row
AIZ fails to close above 200-day moving average
AIZ rises to highest close since January 29th
AIZ closes within previous day's range
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, AIZ ended Thursday at 94.29 gaining $0.35 (0.37%) on high volume. Today's closing price of 94.29 marks the highest close since January 29th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for AIZ
Volatility

Thursday's trading range was $1.88 (2.0%), that's slightly below last trading month's daily average range of $1.92. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being above average.

Support/Resistance

Breaking through the key resistance level at 94.21 today, it is now likely to act as support going forward. After spiking up to 95.47 during the day, the stock found resistance at the 200-day moving average at 94.88.

Trend

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bearish Bounce off SMA 200 TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
3 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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