AIZ : Should Expect Short Term Weakness
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 © of ((Y)) leg & reached the extreme areas. It favors a corrective bounce in 2 red expect short term downside to continue 3 of © 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.