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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- 8/28/2026 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
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It was a third consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 3.75 points, or 1.42%, and closed at 267.56 on Friday, August 28, 2026. Weekly volume was -26% 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 (157.72) 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 272.79 on August 25, 2026. AJG gained -82.04 points, or -43.01%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 260.84 and resistance is at 297.45. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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, Relative Strength Index and Williams' Percentage Range 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 and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 4, 2026 at 240.82 and reached 272.79 on August 25, 2026. AJG gained -31.97 points, or -13.28%, in 21 days. The price is now at the 16.36% retracement level.

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

The daily MACD line is above its signal line since August 20, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.06
Williams' Percentage Range (W%R) 38.40
Lane's Stochastic (%D-Slow) 76.42
Greed/Fear Indicator (GFI) 67.35
Moving Average Converg./Diverg. (MACD) 4.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.34
Overbought
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 79.18
Bearish
Greed/Fear Indicator (GFI) 75.61
Moving Average Converg./Diverg. (MACD) -0.65 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 297.45
Upper Bollinger Band 272.96
Parabolic System 272.79
Price 267.56
Daily Stochastic Crossing 265.90
Weekly Stochastic Crossing 265.49
Monthly Trendline Support 260.84
20 Day Moving Average 256.16
50 Day Moving Average 248.88
Lower Bollinger Band 242.94
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Insurance Brokers 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 259.26
Low Date 08/27/2026
High 268.91
High Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 240.82
Low Date 08/04/2026
High 272.79
High Date 08/25/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 297.45
Support 260.84
Low 190.75
Low Date 05/13/2026
High 272.79
High Date 08/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 139.12
Support 157.72
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.