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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- 8/14/2026 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtStochastic signal line moved below overbought areaBroken trend resistance lineTrend support at 251.69
Daily :The price has risen above the Parabolic SARTrend resistance at 234.33The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 3.09 points, or 1.25%, and closed at 251.21 on Friday, August 14, 2026. Weekly volume was -32% below average.

AJG is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 chart has formed a Falling Wedge chart pattern. The downtrend resistance line (162.15) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AJG medium-term trend chart]
A medium-term uptrend had started on May 13, 2026 at 190.75 and reached 269.99 on July 30, 2026. AJG gained -79.24 points, or -41.54%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (251.69) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Relative Strength Index is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Relative Strength Index help.

The weekly MACD line is above its signal line since May 15, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See AJG short-term trend chart]
A short-term downtrend had started on July 30, 2026 at 269.99 and reached 240.82 on August 4, 2026. AJG lost 29.17 points, or 10.80%, in 5 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (234.33). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 29, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.07
Williams' Percentage Range (W%R) 57.70
Lane's Stochastic (%D-Slow) 63.88
Greed/Fear Indicator (GFI) 51.42
Moving Average Converg./Diverg. (MACD) 4.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.25
Overbought
Williams' Percentage Range (W%R) 21.20
Lane's Stochastic (%D-Slow) 79.36
Greed/Fear Indicator (GFI) 72.84
Moving Average Converg./Diverg. (MACD) -3.73
Trading Signals
Description Value Chart
Monthly Trendline Resistance 285.04
Upper Bollinger Band 263.22
Weekly Stochastic Crossing 255.52
Daily Stochastic Crossing 253.57
20 Day Moving Average 252.03
Monthly Trendline Support 251.69
Price 251.21
Weekly Trendline Support 249.84
Parabolic System 243.06
50 Day Moving Average 239.95
Lower Bollinger Band 238.26
Weekly Trendline Resistance 234.33
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Insurance Brokers 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 240.82
Low Date 08/04/2026
High 257.12
High Date 08/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 234.33
Support 249.84
High 269.99
High Date 07/30/2026
Low 240.82
Low Date 08/04/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 285.04
Support 251.69
Low 190.75
Low Date 05/13/2026
High 269.99
High Date 07/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 146.91
Support 162.15
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.