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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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- 3/28/2024 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is oversoldA Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 3.51 points, or 1.42%, and closed at 250.04 on Thursday, March 28, 2024. Weekly volume was 11% 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 uptrend had started on March 4, 2009 at 14.82 and reached 256.10 on March 20, 2024. AJG gained -241.28 points, or -1628.07%, in 785 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (79.23) 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 256.10 on March 20, 2024. AJG gained -191.01 points, or -293.46%, in 209 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (223.32) 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 December 21, 2023 at 218.63 and reached 256.10 on March 20, 2024. AJG gained -37.47 points, or -17.14%, in 90 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 243.15 and resistance is at 258.28. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since March 20, 2024.

A Parabolic SAR (stop and reversal) indicator (252.27) comes close to the price (250.04). 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 46.47
Williams' Percentage Range (W%R) 47.70
Lane's Stochastic (%D-Slow) 18.22
Oversold
Greed/Fear Indicator (GFI) 38.99
Moving Average Converg./Diverg. (MACD) 2.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.49
Williams' Percentage Range (W%R) 18.90
Overbought
Lane's Stochastic (%D-Slow) 89.13
Overbought
Greed/Fear Indicator (GFI) 77.21
Moving Average Converg./Diverg. (MACD) 5.27
Trading Signals
Description Value Chart
Weekly Trendline Resistance 258.28
Upper Bollinger Band 256.72
Weekly Stochastic Crossing 252.67
Parabolic System 252.27
20 Day Moving Average 250.13
Price 250.04
Daily Stochastic Crossing 247.24
Weekly Trendline Support 243.15
50 Day Moving Average 242.86
Lower Bollinger Band 240.45
Monthly Trendline Resistance 237.67
Monthly Trendline Support 223.32
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 227.08
Low Date 01/26/2024
High 256.10
High Date 03/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 258.28
Support 243.15
Low 218.63
Low Date 12/21/2023
High 256.10
High Date 03/20/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 237.67
Support 223.32
Low 65.09
Low Date 03/18/2020
High 256.10
High Date 03/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.96
Low Date 01/20/2016
High 256.10
High Date 03/20/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.08
Support 79.23
Low 14.82
Low Date 03/04/2009
High 256.10
High Date 03/20/2024
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.