The Greedy Trader Weekly Analysis
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Aon Corp. (AON)

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the Aon Corp. (AON). During the week, the AON gave back -1.28 points, or -0.65%, and closed at 194.57 on Friday, November 8, 2019. Weekly volume was -28% below average.

AON is a member of Financial Sector. Financial is the second 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 AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 198.61 on July 3, 2019. AON gained -185.31 points, or -1393.31%, in 881 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (70.99) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 AON medium-term trend chart]
A medium-term downtrend had started on July 3, 2019 at 198.61 and reached 181.89 on August 5, 2019. AON lost 16.72 points, or 8.42%, in 4 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 182.83 and resistance is at 200.96. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since August 2, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AON short-term trend chart]
A short-term uptrend had started on October 2, 2019 at 184.52 and reached 197.24 on November 4, 2019. AON gained -12.72 points, or -6.89%, in 33 days. The price is now at the 20.99% retracement level.

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

The daily MACD line is above its signal line since October 30, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.01
Williams' Percentage Range (W%R) 42.60
Lane's Stochastic (%D-Slow) 69.54
Greed/Fear Indicator (GFI) 58.63
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.88
Williams' Percentage Range (W%R) 32.80
Lane's Stochastic (%D-Slow) 55.58
Greed/Fear Indicator (GFI) 58.45
Moving Average Converg./Diverg. (MACD) 5.00
Trading Signals
Description Value Chart
Weekly Trendline Resistance 200.96
Parabolic System 197.44
Upper Bollinger Band 197.19
Price 194.57
Daily Stochastic Crossing 194.21
20 Day Moving Average 192.71
Weekly Stochastic Crossing 192.26
50 Day Moving Average 192.08
Lower Bollinger Band 188.33
Weekly Trendline Support 182.83
Sector and Industry
Description Name Rank
Sector Financial 8
Industry Accident/Health Insurance 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 184.52
Low Date 10/02/2019
High 197.24
High Date 11/04/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 200.96
Support 182.83
High 198.61
High Date 07/03/2019
Low 181.89
Low Date 08/05/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.87
Low Date 01/03/2018
High 198.61
High Date 07/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.68
Low Date 09/22/2011
High 198.61
High Date 07/03/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 82.95
Support 70.99
Low 13.30
Low Date 08/08/2002
High 198.61
High Date 07/03/2019
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.

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