Analysis Summary for Assurant Inc (AIZ)
Date of Analysis: May 24th, 2024
Trading Trigger: 11/22/2024 Assurant Inc (AIZ) – Major top is anticipated at $230 (+/- $5) in late November and early December followed by a 40%+ decline over the next 4-6 months. Our short position was triggered at $226.45. Stop loss at $237.50
Time Target: A 4.5-year up composite cycle arrives in November/December of 2024.
Price Target: $230 (+/- $10)
Projected Move: The time cycle decomposition of AIZ shows that there is going to be a top to bottom fast move approximately from November of 2024 to March of 2025.
***Quick Note: We have an initial downside projection into approximately $140. Yet, a powerful resistance level is located at the same juncture. If AIZ is able to break below this level, much lower prices, below $100 are likely.
In summary: AIZ should increase into $230 by November/December of 2024 and then start a fast move to the downside, to $140 or lower, in the following 4-6 months.
