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.

Archive
- 4/2/2026 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :The 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 10.51 points, or 5.07%, and closed at 217.61 on Thursday, April 2, 2026. It was the best weekly gain since February 27, 2026. Weekly volume was 23% above average.

AJG is a member of Financials Sector. Financials is the second most oversold 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 195.00 on February 12, 2026. AJG lost 156.23 points, or 44.48%, in 36 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 201.26 and resistance is at 251.71. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See AJG medium-term trend chart]
A medium-term downtrend had started on January 12, 2026 at 266.87 and reached 195.00 on February 12, 2026. AJG lost 71.87 points, or 26.93%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (208.96) 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 medium-term trend.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 6, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 13, 2026 at 203.21 and reached 221.34 on April 2, 2026. AJG gained -18.13 points, or -8.92%, in 20 days. The price is now at the 20.57% 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 March 19, 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 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) 63.90
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 65.84
Greed/Fear Indicator (GFI) 59.89
Moving Average Converg./Diverg. (MACD) -3.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.79
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 31.17
Greed/Fear Indicator (GFI) 33.45
Moving Average Converg./Diverg. (MACD) -17.64
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 251.71
Upper Bollinger Band 225.86
50 Day Moving Average 223.09
Daily Stochastic Crossing 217.92
Price 217.61
20 Day Moving Average 213.25
Monthly Trendline Resistance 211.23
Weekly Stochastic Crossing 211.09
Parabolic System 209.83
Monthly Trendline Support 208.96
Lower Bollinger Band 205.28
Quarterly Trendline Support 201.26
Sector and Industry
Description Name Rank
Sector Financials 2
Industry Insurance Brokers 37
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 205.90
Low Date 03/27/2026
High 221.34
High Date 04/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 203.21
Low Date 03/13/2026
High 221.34
High Date 04/02/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 211.23
Support 208.96
High 266.87
High Date 01/12/2026
Low 195.00
Low Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 251.71
Support 201.26
High 351.23
High Date 06/03/2025
Low 195.00
Low Date 02/12/2026
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.