Allianz SE Stock Forecast
Evaluation of Allianz SE stock downgraded after the last trading session.
(Updated on May 09, 2024)
The Allianz SE stock price fell by -3.25% on the last day (Thursday, 9th May 2024) from $29.25 to $28.30. During the last trading day the stock fluctuated 0.748% from a day low at $28.16 to a day high of $28.37. The price has risen in 6 of the last 10 days and is up by 0.71% over the past 2 weeks. Volume has increased on the last day by 308 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 443 thousand shares were bought and sold for approximately $12.54 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.31% during the next 3 months and, with a 90% probability hold a price between $29.77 and $32.92 at the end of this 3-month period.
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ALIZY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.95%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Allianz SE stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.73 and $28.76. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Allianz SE stock
Allianz SE finds support from accumulated volume at $28.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.211 between high and low, or 0.748%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALIZY) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Allianz SE to open at $28.28, and during the day (based on 14 day Average True Range), to move between $27.81 and $28.79, which gives a possible trading interval of +/-$0.485 (+/-1.71%) up or down from last closing price. If Allianz SE takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.53 (0.81%) than the support at $28.00 (1.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Allianz SE will release earnings -- on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.660. We will update the financials statements for Allianz SE , that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.51% in the first trading day after earnings release.
Is Allianz SE stock A Buy?
The Allianz SE stock holds several negative signals and despite the positive trend, we believe Allianz SE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.300 Sell Candidate Downgraded
Predicted Opening Price for Allianz SE of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $28.28 ( 0.0830%) | $28.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALIZY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.49 | 0.661 % | |
| R2 | 28.41 | 0.377 % | ||
| R1 | 28.36 | 0.201 % | ||
| Current price: | 28.30 | |||
| Support | S1 | 28.20 | -0.367 % | |
| S2 | 28.15 | -0.543 % | ||
| S3 | 28.07 | -0.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.93 | 5.76 % | |
| R2 | 29.34 | 3.67 % | ||
| R1 | 28.53 | 0.81 % | ||
| Current price | 28.30 | |||
| Support | S1 | 28.00 | -1.06% | |
| S2 | 27.76 | -1.93% | ||
| S3 | 26.20 | -7.42% |
ALIZY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 28, 2024 | $1.03 | 3.65% |
| 2 | Aug 04, 2023 | May 05, 2023 | May 26, 2023 | $1.25 | 5.64% |
| 3 | Apr 29, 2022 | May 05, 2022 | May 27, 2022 | $1.17 | 5.43% |
| 4 | Apr 30, 2021 | May 06, 2021 | May 28, 2021 | $1.15 | 4.34% |
| 5 | May 07, 2020 | May 07, 2020 | May 07, 2020 | $1.04 | 6.13% |
FAQ
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