Is Allianz SE a great buy on seasonal demand?
Allianz SE is a European multinational financial services company with headquarters in Munich, Germany. It has a very strong time of year between November 26 and Dec 29. Previously, it has gained 11 times out of the last 14 years. The largest rise was in 2008 when it made a maximum +36.89% gain. The maximum drop was in 2018 when it fell -9.16%. Will Allianz rise this time?
Trade Risks: The main risk to this trade is if there is heavy equity selling on month-end flows or risk-off trading on rising COVID-19 lockdowns.
Seasonal patterns are technical signals which often have a fundamental background. Seasonal patterns work across various markets for a number of reasons: weather patterns, harvest periods, the timing of interest payments, regular fund inflows, tax payments, investor sentiment and more. Seasonality is based on historical data, but not every year is the same, so use with investor discretion.