Allianz SE Stock Forecast
Allianz SE stock price ended at $29.08 on Friday, after gaining 1.25%.
(Updated on May 31, 2024)
The Allianz SE stock price gained 1.25% on the last trading day (Friday, 31st May 2024), rising from $28.72 to $29.08. During the last trading day the stock fluctuated 0.553% from a day low at $28.95 to a day high of $29.11. The price has risen in 6 of the last 10 days and is up by 0.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 87 thousand shares were bought and sold for approximately $2.53 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Allianz SE stock with a 90% probability to be traded between $27.41 and $29.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ALIZY Signals & Forecast
The Allianz SE stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.71 and $28.52. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.578%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Allianz SE stock
Allianz SE finds support from accumulated volume at $28.53 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 $0.160 between high and low, or 0.553%. For the last week the stock has had daily average volatility of 0.717%.
Our recommended stop-loss: $27.93 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (ALIZY) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Allianz SE to open at $29.05, and during the day (based on 14 day Average True Range), to move between $28.72 and $29.44, which gives a possible trading interval of +/-$0.357 (+/-1.23%) up or down from last closing price. If Allianz SE takes out the full calculated possible swing range there will be an estimated 2.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.34 (0.89%) than the support at $28.53 (1.89%), 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.
Is Allianz SE stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Allianz SE stock to perform well in the short-term period.
Current score: 1.452 Buy Candidate Unchanged
Predicted Opening Price for Allianz SE of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $29.05 ( 0.115%) | $29.08 |
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 | 29.21 | 0.436 % | |
| R2 | 29.15 | 0.225 % | ||
| R1 | 29.11 | 0.0956 % | ||
| Current price: | 29.08 | |||
| Support | S1 | 28.99 | -0.325 % | |
| S2 | 28.95 | -0.455 % | ||
| S3 | 28.89 | -0.665 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.93 | 2.92 % | |
| R2 | 29.58 | 1.72 % | ||
| R1 | 29.34 | 0.89 % | ||
| Current price | 29.08 | |||
| Support | S1 | 28.53 | -1.89% | |
| S2 | 28.30 | -2.68% | ||
| S3 | 28.00 | -3.71% |
ALIZY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 28, 2024 | $1.03 | 3.59% |
| 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
Click here for our free guide on how to buy Allianz SE Stock.
