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Assurant Inc(AIZ-N)
NYSE

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AIZ : Should Expect Short Term Weakness

Elliott Wave Forecast - Tue Nov 29, 2022

Assurant Inc., (AIZ)  together with its subsidiaries, provides lifestyle & housing solutions that support, protect & connect consumer purchases in North America, Latin America, Europe & Asia Pacific. The company operates through two segments: Global lifestyle & Global housing. It is based in New York, Comes under Financial services sector & trades under “AIZ” ticker at NYSE.

AIZ started a impulse sequence since March-2020 low of $76.27. Above there, it ended wave I at $194.12 as ATH & below there correcting in II in double correction against March-2020 low before upside resumes.

AIZ : Elliott Wave Latest Weekly View : 

Since March-2020 low, it placed ((1)) at $114.74 high on 4/09/2020. Below there, it ended ((2)) correction at $83.89 low on 5/14/2020 as 0.764 Fibonacci retracement of ((1)). Later it extends ((3)) higher & ended at $172.22 high. Below there, it favored ended ((4)) at $144.18 low on 1/24/2022. Finally, it placed ((5)) at $194.12 high on 4/21/2022 high as wave I impulse sequence. Below there, it favors correcting lower in wave II as double correction & expect short term downside within extreme areas.

AIZ : Elliott Wave Latest Daily View: 

Below $194.12 high, it placed ((W)) at $149.50 low & ((X)) at $172.99 high on 8/17/2022. Below ((X)) high, it placed (B) at $155.45 high on 10/19/2022. Currently, it favors (C) of ((Y)) leg & reached the extreme areas. It favors a corrective bounce in 2 red expect short term downside to continue 3 of (C) later. Ideally, it expect to finish II in $127.93 - $100.15 area before turning higher in III or at least a larger 3 swing bounce. Alternatively, it might ended II correction at $119.01 low on 11/07/2022 between extreme areas. While above there, it expect to resume higher in (1) of ((1)) of III. Further upside will confirms when breaks above I high or it can bounce at least in a larger 3 swing reaction.

AIZ : Alternate Elliott Wave Weekly View : 

Source: https://elliottwave-forecast.com/stock-market/aiz-expect-short-term-weakness/

On the date of publication, Elliott Wave Forecast did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.

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