Allianz stock: uptrend intact, first crack in volume
Allianz stock climbs 1.3% as buyer momentum starts to crack
Allianz stock: uptrend intact, first crack in volume
Our view last week
Allianz closes the week up 1% and the technical picture keeps strengthening: money flow accelerates for the fourth week running and the ADX climbs to 18.1, a sign the trend is gaining conviction. This swing trading setup stays squeezed near its highs, between the 428.8 area and the 426.2 area, with the trade now in its 15th week and up 13.2% since entry.
This week's summary
Allianz stock closes the week up 1.3%, but the last candle is indecisive and buyer dominance is showing its first signs of easing. ADX keeps climbing though, to 19.7 from 18.1 last week: the trend is still gaining conviction. The stock stays boxed in between the 433 area and the 426 area, hugging its highs, with the trade now in its 16th week and up 14.6% since entry.
IQS Phase
76
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#21 / 61
EU-UK stocks in progress
Trade P&L %
+14.63%
from signal to date, no stop loss
Rank position
ranks 21st among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
ALV belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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