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Allianz

Allianz (ALVD) Breaking All-Time High – Stocks - DailyCAPITALCOM:ALVD Taking a look at Allianz (ALVD) on the daily chart, we can see that it's reached an all-time high that it hasn't seen since February 2020. Once reaching its peak in February (at the price of approximately 231), it reversed and dropped straight down to 116 in a matter of days. It took two years to recover, and now it is hovering at 231 once again. The analysis shows the extended downward trendline from the high point in February, moving across the peaks in June 2021. If the price was still below this line, I would be inclined to consider it still in a downtrend. But using the 1-2-3 change method and having the price close above this line of resistance, we can assume that it is in an uptrend now. An upward trendline marks the movement from the falling price back in 2020 along the valley of the price through September and December of 2021. Currently, the price is on a massive incline uptrend, which is enhanced by an upward tightening wedge. Using the Fibonacci retracement, we can also see that there seems to be a partial rise indicating that an upward breakout is imminent. If the price breaks through this barrier, then there are no resistance levels standing in its way. This could mean that price will climb to a new all-time high but determining where that is could be difficult. The long option here would be to set your stop loss below the Fibonacci retracement level of 38% and then go for a solid 5% increase in price from the breakout point (which is 232 about). This would yield you a reward ratio of 2 to 1. It might not be the most considerable trade, but you could run with the breakout and see where it goes. One of the negative factors I would consider is that selling pressure on the previous valleys has been very high compared to the averages. Moreover, the last time the price reached this level, it plummeted. Thus I would wait for the price to close above 232 before going long.
CAPITALCOM:ALVDLong
by DevlonJarrodHorne
Allianz Breakout, Middle Term Swing Trade on good ERAllianz just announced excellent quarterly Earnings over analysts expectations and good guidance. Thus we saw a 2+% jump after ER day, but got crumbled by bad future market leaving the 2 important supports EMA 50 and SMA 200 behind. ALV trumbled months back in a short downtrend which still isn't completely out of fokus but the stock has proven to keep above the upper downtrendline even in a bigger market sell off. The stock is currently valued at a PE ratio of 10, dividend of over 5% in 2019 and a future PEG ratio of 1,4 (sector at 4). Average analyst rating of "overweight" (15Buy, 1 Ow, 12 Hold, 0Uw , 0S) and a PT of 215€. Fundamentally thus a strong stock. So if you are not bearish on futures , this is a good opertunity. It's main future, the DAX , is currently also in an oversold state. Stop loss shouldn't be at EMA 50, I set it at the upper downtrendline at 176€. TP at 219,50€. Additional TP could be set at 200€. Note, this is a repost since first one was posted in a different language Tradingview
FWB:ALVLong
by vince21798
Allianz Trust is one of the few UK stocks BREAKING !Allianz Technology Trust LSE:ATT has broken out and created a new all-time high. Price is above the Weekly and Daily 200 moving averages. What is interesting is that the last time price visited the daily 200 moving average was in July 2016. Recently price took a trip back to the 200 moving average which is normal when a stock trends well for a long time. The trip didn't last long and price quickly bounced off the 200 moving average and has since broken through the previous all-time and now creating new highs. Because the previous resistance line held strong for a number of months before price managed to break through, it would be wise to wait and see if price can hold above that level. The mistake many traders make is to jump in hastily but patience will pay off here. Price can easily dip back below the resistance so by waiting for the next breakout this will confirm a continuation of the move up. This is a stock definitely to keep on your watchlist. Any questions or comments, do not hesitate to leave them below. Sublime Trading
LSE:ATTLong
by Sublime_Trading