The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

Uptrend Exhaustion

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- 10/15/2021 -
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Aon Corp. (AON)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Aon Corp. (AON). During the week, the AON gained 14.80 points, or 5.03%, and closed at 309.30 on Friday, October 15, 2021. It was the best weekly gain since August 13, 2021. Weekly volume was -89% below average.

AON 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 AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 311.78 on October 15, 2021. AON gained -298.48 points, or -2244.21%, in 1001 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (70.87) 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 long-term trend.

Medium-term trend: [See AON medium-term trend chart]
A medium-term uptrend had started on July 19, 2021 at 223.19 and reached 311.78 on October 15, 2021. AON gained -88.59 points, or -39.69%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 292.68 and resistance is at 317.98. 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 AON weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 6, 2021. This is an indication that the medium-term trend is up. 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 4, 2021 at 283.56 and reached 311.78 on October 15, 2021. AON gained -28.22 points, or -9.95%, in 11 days. The price is now at the 8.79% retracement level.

Daily Technical Indicators: [See AON daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.27
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 92.33
Strong Overbought
Greed/Fear Indicator (GFI) 83.68
Overbought
Moving Average Converg./Diverg. (MACD) 3.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.87
Overbought
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 86.16
Overbought
Greed/Fear Indicator (GFI) 85.40
Overbought
Moving Average Converg./Diverg. (MACD) 14.54
Trading Signals
Description Value Chart
Weekly Trendline Resistance 317.98
Daily Stochastic Crossing 310.27
Price 309.30
Upper Bollinger Band 307.99
Weekly Stochastic Crossing 305.99
20 Day Moving Average 294.76
Weekly Trendline Support 292.68
50 Day Moving Average 287.47
Parabolic System 286.26
Lower Bollinger Band 282.54
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 123
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 283.56
Low Date 10/04/2021
High 311.78
High Date 10/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 317.98
Support 292.68
Low 223.19
Low Date 07/19/2021
High 311.78
High Date 10/15/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 143.93
Low Date 03/23/2020
High 311.78
High Date 10/15/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.68
Low Date 09/22/2011
High 311.78
High Date 10/15/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 87.40
Support 70.87
Low 13.30
Low Date 08/08/2002
High 311.78
High Date 10/15/2021
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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