AIZ pushes through key resistance level

Assurant Inc. (AIZ) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


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


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 Candlestick Chart (AIZ as at May 17, 2018):

Daily technical analysis candlestick chart for Assurant Inc. (AIZ) as at May 17, 2018

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.

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.

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

Market Conditions for AIZ as at May 17, 2018

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