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 seen the biggest correction since 2009 low at $76.27 during March-2020 global sell-off. But after that, it made an ATH at $194.12 as impulse sequence. While below there, it favors correcting lower against March-2020 low in proposed double correction.
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.
Below $194.12 high, it placed ((W)) at $149.50 low on 8/04/2022 & ((X)) at $172.99 high on 8/17/2022. It already breaks below ((W)) low, calling for more downside continue in ((Y)) leg. Currently, it favors lower in (A) leg & expect two more lows before a bounce in (B) leg followed by further weakness in (C). Ideally ((Y)) leg, expect to extend towards $127.93 – $100.15 area to finish II correction before upside resumes. We like to buy the dips towards blue box area for upside or at least larger 3 swing bounce.
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.Back