From a technical perspective, Allianz is one of the long-term defensive growth stocks on the European stock markets. In addition, the stock currently delivers the combination of an attractive overall technical situation and an attractive (gross) dividend yield. First of all, the value has been moving upwards since the turn of the year 2008/2009 (financial crisis) and prices around 48.00 euros. Within this there is an interplay of medium-term bullish trends, medium-term, trend-confirming consolidations or corrections, but also (intermediate) bearish surges. The medium-term bullish trend, which started in 2016 at 118.00 euros (support zone), took the share price to 232.60 euros (resistance zone) by February 2020, before the overall Corona market bearish trend (February/March 2020) also affected Allianz The price collapsed to 117.10 euros and thus to the old support zone from 2016. From there, the share established a new upward movement, which in recent years has resulted in a sideways swing (support zone around 160.00 euros; staggered resistance zone from 230.00 euros to 232.60 euros). Within this wide trading range, a core trading range had also developed between the support around 182.00 euros and the upper resistance zone. From a higher-level, technical point of view, this sideways swing already had a positive underlying tone and, within the 14-year bull market, had a trend-confirming character (upward).