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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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- 8/5/2022 -
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Arthur J. Gallagher & Co. (AJG)

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
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It was the negative week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gave back -0.45 points, or -0.25%, and closed at 178.54 on Friday, August 5, 2022. Weekly volume was -86% below average.

Long-term trend: [See AJG long-term trend chart]
A long-term uptrend had started on March 4, 2009 at 14.82 and reached 187.02 on April 21, 2022. AJG gained -172.20 points, or -1161.94%, in 685 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (71.96) 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 downtrend had started on April 21, 2022 at 187.02 and reached 148.24 on June 16, 2022. AJG lost 38.78 points, or 20.74%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (143.99) is broken. A broken support is considered to be a long-term bullish signal. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since July 22, 2022. 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 June 16, 2022 at 148.24 and reached 184.88 on July 29, 2022. AJG gained -36.64 points, or -24.72%, in 43 days. The chart has formed a Rising Wedge chart pattern.

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

The daily MACD line is above its signal line since July 19, 2022. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.36
Williams' Percentage Range (W%R) 39.20
Lane's Stochastic (%D-Slow) 47.40
Greed/Fear Indicator (GFI) 60.83
Moving Average Converg./Diverg. (MACD) 3.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.88
Williams' Percentage Range (W%R) 30.10
Lane's Stochastic (%D-Slow) 80.40
Overbought
Greed/Fear Indicator (GFI) 69.33
Moving Average Converg./Diverg. (MACD) 1.54
Trading Signals
Description Value Chart
Upper Bollinger Band 181.51
Price 178.54
Weekly Stochastic Crossing 178.36
Daily Stochastic Crossing 177.81
Parabolic System 175.08
20 Day Moving Average 170.09
50 Day Moving Average 164.27
Lower Bollinger Band 160.64
Weekly Trendline Support 143.99
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Insurance Brokers 89
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 148.24
Low Date 06/16/2022
High 184.88
High Date 07/29/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 127.02
Support 143.99
High 187.02
High Date 04/21/2022
Low 148.24
Low Date 06/16/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.09
Low Date 03/18/2020
High 187.02
High Date 04/21/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.96
Low Date 01/20/2016
High 187.02
High Date 04/21/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 83.82
Support 71.96
Low 14.82
Low Date 03/04/2009
High 187.02
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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