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Price vs. Parabolic:Crossover
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Parabolic SAR Crossover - Stock market timing signals.
The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.
parabolic sar,Parabolic SAR Crossover,stock market timing signals

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- 3/17/2023 -
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Aon Corp. (AON)

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Summary:
Weekly :Broken trend resistance line
Daily :Bearish Harami CandlestickA Parabolic SAR indicator is below and near the price
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It was a first positive week for the Aon Corp. (AON). During the week, the AON climbed 2.35 points, or 0.80%, and closed at 296.59 on Friday, March 17, 2023. Weekly volume was 67% above average.

Long-term trend: [See AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 341.98 on April 21, 2022. AON gained -328.68 points, or -2471.28%, in 1028 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (75.20) 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 uptrend had started on June 16, 2022 at 246.21 and reached 328.33 on January 23, 2023. AON gained -82.12 points, or -33.35%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 291.53 and resistance is at 337.87. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 February 24, 2023. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AON short-term trend chart]
A short-term downtrend had started on January 23, 2023 at 328.33 and reached 280.89 on March 15, 2023. AON lost 47.44 points, or 14.45%, in 51 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 290.82 and resistance is at 301.31. 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 short-term trend.

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

The daily MACD line is below its signal line since January 30, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (298.07) comes close to the price (296.59). It indicates that the trend is getting weaker. 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.

Candlestick pattern: [See AON candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.94
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 38.33
Greed/Fear Indicator (GFI) 45.57
Moving Average Converg./Diverg. (MACD) -4.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.23
Williams' Percentage Range (W%R) 55.70
Lane's Stochastic (%D-Slow) 29.25
Greed/Fear Indicator (GFI) 41.13
Moving Average Converg./Diverg. (MACD) 6.42
Trading Signals
Description Value Chart
Monthly Trendline Resistance 337.87
Upper Bollinger Band 311.78
50 Day Moving Average 310.21
Weekly Trendline Resistance 301.31
20 Day Moving Average 300.38
Parabolic System 298.07
Price 296.59
Monthly Trendline Support 291.53
Weekly Stochastic Crossing 290.97
Weekly Trendline Support 290.82
Daily Stochastic Crossing 290.62
Lower Bollinger Band 289.72
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Insurance Brokers 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 280.89
Low Date 03/15/2023
High 300.11
High Date 03/16/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 301.31
Support 290.82
High 328.33
High Date 01/23/2023
Low 280.89
Low Date 03/15/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 337.87
Support 291.53
Low 246.21
Low Date 06/16/2022
High 328.33
High Date 01/23/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 341.98
High Date 04/21/2022
Low 246.21
Low Date 06/16/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.72
Support 75.20
Low 13.30
Low Date 08/08/2002
High 341.98
High Date 04/21/2022
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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