Stock Technical indicators to notice in Allianz Se (AZ)
1- Last bullish trend was from 11.90 $ (10/2/2009) to 13.19 $ (10/14/2009) a 1.29 $ move 2- The current bearish trend started from 13.19 $ at 10/14/2009 and is currently trading at 12.45 $.
4- AZ current resistance level is at 12.55 which is the 50.00 % fibonacci retracement of the last 1.29 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
Allianz Se (AZ) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 11.900 and 11.820, and is currently supporting at 12.140.
Allianz Se (AZ) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 10.900 and 8.700 that was broken down at 12.520 transforming into a resistance line.
Allianz Se (AZ) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 10.280 and 10.550 that was broken up at 9.980 transforming into a supporting line.
Stock Trading Conclusion:
Allianz Se (AZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 12.55, 12.62, 12.70, 12.73, 12.82, 12.88, 12.89, 12.91, 13.19,.
Stock Support levels : 12.39, 12.14, 11.90, 11.82, 11.55, 11.10,.