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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- 7/2/2026 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Lane's Stochastic is strongly overboughtBearish Deliberation CandlestickThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 26.43 points, or 11.69%, and closed at 252.44 on Thursday, July 2, 2026. Weekly volume was 22% above 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 (175.43) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AJG may retest the broken resistance line. It is considered to be a support line now. 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 252.96 on July 2, 2026. AJG gained -62.21 points, or -32.61%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (213.42) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access 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 June 22, 2026 at 208.08 and reached 252.96 on July 2, 2026. AJG gained -44.88 points, or -21.57%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 18, 2026. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Candlestick pattern: [See AJG candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.57
Williams' Percentage Range (W%R) 25.80
Lane's Stochastic (%D-Slow) 95.75
Strong Overbought
Greed/Fear Indicator (GFI) 81.85
Overbought
Moving Average Converg./Diverg. (MACD) 4.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.63
Williams' Percentage Range (W%R) 19.30
Overbought
Lane's Stochastic (%D-Slow) 70.00
Greed/Fear Indicator (GFI) 69.77
Moving Average Converg./Diverg. (MACD) -14.32
Trading Signals
Description Value Chart
Price 252.44
Daily Stochastic Crossing 251.09
Upper Bollinger Band 242.07
Monthly Trendline Resistance 240.44
Weekly Stochastic Crossing 239.50
Parabolic System 225.77
20 Day Moving Average 220.83
Monthly Trendline Support 213.42
50 Day Moving Average 211.49
Lower Bollinger Band 202.12
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Insurance Brokers 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 208.08
Low Date 06/22/2026
High 252.96
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 208.08
Low Date 06/22/2026
High 252.96
High Date 07/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 240.44
Support 213.42
Low 190.75
Low Date 05/13/2026
High 252.96
High Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 170.28
Support 175.43
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.