ALV.DE pops to highest close since March 12th


Allianz SE (ALV.DE) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
ALV.DE closes higher for the 3rd day in a row
ALV.DE finds buyers again around 189.18
ALV.DE rises to highest close since March 12th
ALV.DE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, ALV.DE ended Monday at 189.48 edging higher €0.06 (0.03%). Today's closing price of 189.48 marks the highest close since March 12th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily chart for ALV.DE
Volatility

Monday's trading range was €1.38 (0.72%), that's far below last trading month's daily average range of €3.12. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Price Action

During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to the key resistance level at 189.56. After having been unable to move lower than 188.84 in the prior session, the share found buyers again around the same price level today at 189.18.

Trend

While the market is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying could speed up should prices move above the nearby swing high at 191.16 where further buy stops might get activated. Selling could accelerate should prices move below the close-by swing low at 186.34 where further sell stops might get triggered. Further buying could move prices higher should the market test March's nearby high at 191.98.

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 Allianz SE
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Black Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
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