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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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- 5/19/2023 -
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Arthur J. Gallagher & Co. (AJG)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG dropped -2.55 points, or -1.17%, and closed at 216.07 on Friday, May 19, 2023. It was the worst weekly loss since March 17, 2023. AJG was trading at average weekly trading volume.

Long-term trend: [See AJG long-term trend chart]
A long-term uptrend had started on March 4, 2009 at 14.82 and reached 219.23 on May 15, 2023. AJG gained -204.41 points, or -1379.28%, in 740 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (75.44) 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 AJG medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 65.09 and reached 219.23 on May 15, 2023. AJG gained -154.14 points, or -236.81%, in 164 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (180.77) 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 medium-term trend.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 14, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 March 15, 2023 at 174.45 and reached 219.23 on May 15, 2023. AJG gained -44.78 points, or -25.67%, in 61 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 215.30 and resistance is at 222.84. 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 short-term trend.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.78
Williams' Percentage Range (W%R) 21.60
Lane's Stochastic (%D-Slow) 60.09
Greed/Fear Indicator (GFI) 68.07
Moving Average Converg./Diverg. (MACD) 4.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.20
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 95.89
Strong Overbought
Greed/Fear Indicator (GFI) 83.89
Overbought
Moving Average Converg./Diverg. (MACD) 4.71
Trading Signals
Description Value Chart
Weekly Trendline Resistance 222.84
Upper Bollinger Band 220.15
Parabolic System 218.90
Weekly Stochastic Crossing 217.55
Daily Stochastic Crossing 216.07
Price 216.07
Weekly Trendline Support 215.30
20 Day Moving Average 212.81
Monthly Trendline Resistance 210.27
Lower Bollinger Band 203.87
50 Day Moving Average 200.06
Monthly Trendline Support 180.77
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Insurance Brokers 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 219.23
High Date 05/15/2023
Low 212.46
Low Date 05/18/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 222.84
Support 215.30
Low 174.45
Low Date 03/15/2023
High 219.23
High Date 05/15/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 210.27
Support 180.77
Low 65.09
Low Date 03/18/2020
High 219.23
High Date 05/15/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.96
Low Date 01/20/2016
High 219.23
High Date 05/15/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 87.30
Support 75.44
Low 14.82
Low Date 03/04/2009
High 219.23
High Date 05/15/2023
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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