In the last two days, the Allianz share found a technical support around the 172 euro mark. The two daily lows were found at EUR 171.48 and EUR 171.90 before there was a recovery during the course of the day yesterday. After moving up to EUR 174.096, the Allianz share (WKN: 840400, ISIN: DE0008404005, Chart ) closed XETRA trading at EUR 173.52.
But this morning it’s like: easy to win, easy to lose. Current indications for the Allianz share price are listed on Tradegate at EUR 172.07/172.42.
In terms of charts, the last two daily lows remain support in the short-term time window for Allianz shares. If the price falls below this mark, the next technical support for the DAX value can be expected in the range of EUR 167.12/168.20 and at the annual low in 2022 at EUR 164.46.
If, on the other hand, the Allianz share bounces back up again, a rise in price above EUR 174.10/174.60 could provide impetus. However, the title would already encounter strong technical obstacles above EUR 178.30 and at the all-important chart hurdle at EUR 181.40/182.04.