Sell signal, week 2 · EU-UK stocks
Allianz slips 1.7% and loses its 20-week average as the 408-area lows return
Our view last week
After 23 weeks above its signal line, Allianz's weekly MACD has dropped below it: the week closed at -4.5% and triggered a fresh Sell signal. The cracks in the price action seen seven days ago are widening, with sellers ahead in the weekly bar for a 2nd straight week. In technical analysis terms, Allianz stock is still 33% above its 200-week average, though, and the quality band rates opening a short right now as high-risk, one of the European stocks to watch.
This week's summary
Allianz sheds another 1.7% and closes below its 20-week moving average, in the 421 area, after returning to the lows in the 408 area with no session defending them yet. The pace has slowed from a week ago: the lurch that triggered the Sell signal gives way to an isolated drop, with the ADX falling. In technical analysis terms Allianz stock is still 30% above its 200-week average, and the quality band rates opening a short now as high-risk: a trade setup to watch among European stocks.
IQS Phase
63
ordinary
Signal Strength
41
isolated weekly drop
Sizing
REDUCED
Ranking
#32 / 89
EU-UK stocks sell signals
Trade P&L %
+1.72%
from signal to date, no stop loss
Allianz (ALV) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 32nd among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 41 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimeweak phase
Performanceweekly -4.91% · monthly -4.92%
ALV belongs to the european sector (reference ETF EXV1). The sector is classified weak phase according to our weekly reading.
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