Allianz stock tumbles as AI fears rattle investor confidence
Allianz shares suffered further steep losses at the start of the week, with the insurance stock shedding nearly 2 percent in a weak broader market, reinforcing its recent downward trend. The low from early March—€338.80—is now within striking distance once again.
Price bounces off 200-day moving average
The stock came under heavy pressure at the beginning of the month due to concerns over AI, though it later rebounded to €365.50. Since mid-last week, however, shares have resumed their decline as the escalating conflict in the Middle East increasingly destabilizes markets.
The recovery stalled at the 200-day moving average (SMA200), a bearish signal that could indicate a potential trend reversal. If the stock now falls below the March low, selling pressure may intensify further, with the next downside targets at €333.20–€334.10. A pullback to the 100-week moving average (SMA100) at €326.20 is also plausible.
Long-term chart perspective
From a broader view, the price turned lower just shy of its all-time high from 2000—€396.70—though this still appears to be a modest correction within an intact, long-term uptrend.
