Allianz shares trade close to a major resistance zone that is situated around 189.4 EUR. This zone should be difficult to break through, which in turn suggests a corrective move ahead. Investors should open a short trade and target the € 191.5.
The company usually posts poor financials for mid or long term investments.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
The company is one of the best yield companies with high dividend expectations.
The tendency within the weekly time frame is positive above the technical support level at 177.57 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 202.85.
The stock is close to a major daily resistance at EUR 203.9, which should be gotten rid of so as to gain new appreciation potential.
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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