The Greedy Trader Weekly Analysis
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Daily W%R:> 90
Number of records: 3
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 5/17/2024 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a third consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 6.85 points, or 2.73%, and closed at 257.67 on Friday, May 17, 2024. Weekly volume was -12% below 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 258.16 on May 17, 2024. AJG gained -243.34 points, or -1641.97%, in 793 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (79.84) 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 AJG medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 65.09 and reached 258.16 on May 17, 2024. AJG gained -193.07 points, or -296.62%, in 217 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (228.77) 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 medium-term trend.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 5, 2024. The distance between MACD and the signal line is low and getting smaller. 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 April 17, 2024 at 230.08 and reached 258.16 on May 17, 2024. AJG gained -28.08 points, or -12.20%, in 30 days. Price is near the trend high.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily Relative Strength Index, 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 29, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.18
Strong Overbought
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 92.69
Strong Overbought
Greed/Fear Indicator (GFI) 94.50
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.28
Bearish
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 41.77
Greed/Fear Indicator (GFI) 65.19
Moving Average Converg./Diverg. (MACD) 4.00
Trading Signals
Description Value Chart
Upper Bollinger Band 260.51
Price 257.67
Daily Stochastic Crossing 257.38
Parabolic System 249.94
50 Day Moving Average 244.49
Weekly Stochastic Crossing 244.13
20 Day Moving Average 243.21
Monthly Trendline Resistance 241.66
Lower Bollinger Band 231.33
Monthly Trendline Support 228.77
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 230.08
Low Date 04/17/2024
High 258.16
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.63
Low Date 12/21/2023
High 258.16
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 241.66
Support 228.77
Low 65.09
Low Date 03/18/2020
High 258.16
High Date 05/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.96
Low Date 01/20/2016
High 258.16
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.70
Support 79.84
Low 14.82
Low Date 03/04/2009
High 258.16
High Date 05/17/2024
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.