The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/23/2026 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtMACD bearish divergenceStochastic signal line moved above oversold areaWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
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It was a third positive week after 5 consecutive negative weeks for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 13.16 points, or 5.16%, and closed at 268.04 on Friday, October 23, 2026. Weekly volume was -12% below average.

Long-term trend: [See AJG long-term trend chart]
A long-term downtrend had started on June 3, 2025 at 351.23 and reached 190.75 on May 13, 2026. AJG lost 160.48 points, or 45.69%, in 49 weeks. The price is now at the 48.16% retracement level.

Medium-term trend: [See AJG medium-term trend chart]
A medium-term uptrend had started on October 5, 2026 at 219.65 and reached 272.80 on October 23, 2026. AJG gained -53.15 points, or -24.20%, in 2 weeks. The price is now at the 8.96% retracement level.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See AJG short-term trend chart]
A short-term uptrend had started on October 19, 2026 at 249.73 and reached 272.80 on October 23, 2026. AJG gained -23.07 points, or -9.24%, in 4 days. The price is now at the 20.63% retracement level.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.67
Overbought
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 92.24
Strong Overbought
Greed/Fear Indicator (GFI) 89.54
Overbought
Moving Average Converg./Diverg. (MACD) 1.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.32
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 30.72
Greed/Fear Indicator (GFI) 59.55
Moving Average Converg./Diverg. (MACD) 2.33 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 276.42
Daily Stochastic Crossing 269.66
Price 268.04
Parabolic System 250.24
50 Day Moving Average 247.05
20 Day Moving Average 240.63
Weekly Stochastic Crossing 239.33
Lower Bollinger Band 218.33
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Insurance Brokers 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 249.73
Low Date 10/19/2026
High 272.80
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 219.65
Low Date 10/05/2026
High 272.80
High Date 10/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 190.75
Low Date 05/13/2026
High 272.80
High Date 10/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 351.23
High Date 06/03/2025
Low 190.75
Low Date 05/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.82
Low Date 03/04/2009
High 351.23
High Date 06/03/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.