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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/21/2026 -
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Aon Corp. (AON) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Bearish Deliberation CandlestickA 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 the negative week for the Aon Corp. (AON). During the week, the AON gave back -0.72 points, or -0.20%, and closed at 355.11 on Friday, August 21, 2026. Weekly volume was -44% below average.

AON 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 AON long-term trend chart]
A long-term downtrend had started on March 3, 2025 at 413.00 and reached 304.59 on February 12, 2026. AON lost 108.41 points, or 26.25%, in 49 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (292.14) 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 long-term trend.

Medium-term trend: [See AON medium-term trend chart]
A medium-term uptrend had started on February 12, 2026 at 304.59 and reached 382.34 on July 28, 2026. AON gained -77.75 points, or -25.53%, in 23 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 308.95 and resistance is at 389.12. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge 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 above its signal line since May 22, 2026. This is an indication that the medium-term trend is up. 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 July 28, 2026 at 382.34 and reached 341.75 on August 19, 2026. AON lost 40.59 points, or 10.62%, in 22 days. The price is now at the 32.91% retracement level.

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

The daily MACD line is below its signal line since July 30, 2026. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (357.61) comes close to the price (355.11). 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.

Candlestick pattern: [See AON candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.14
Williams' Percentage Range (W%R) 73.80
Lane's Stochastic (%D-Slow) 33.85
Greed/Fear Indicator (GFI) 35.73
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.37
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 67.51
Greed/Fear Indicator (GFI) 61.45
Moving Average Converg./Diverg. (MACD) 2.20
Trading Signals
Description Value Chart
Monthly Trendline Resistance 389.12
Upper Bollinger Band 372.52
Weekly Stochastic Crossing 360.16
20 Day Moving Average 358.53
Parabolic System 357.61
Price 355.11
50 Day Moving Average 350.14
Daily Stochastic Crossing 349.29
Lower Bollinger Band 336.83
Monthly Trendline Support 308.95
Quarterly Trendline Resistance 294.60
Quarterly Trendline Support 292.14
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Insurance Brokers 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 341.75
Low Date 08/19/2026
High 356.86
High Date 08/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 382.34
High Date 07/28/2026
Low 341.75
Low Date 08/19/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 389.12
Support 308.95
Low 304.59
Low Date 02/12/2026
High 382.34
High Date 07/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 294.60
Support 292.14
High 413.00
High Date 03/03/2025
Low 304.59
Low Date 02/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.30
Low Date 08/08/2002
High 413.00
High Date 03/03/2025
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.