|
|
Advanced TA SearchArchive
- 7/19/2024 -
Sign In to see current Signals. |
Aon Corp. (AON) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Aon Corp. (AON). During the week, the AON gave back -1.96 points, or -0.66%, and closed at 296.17 on Friday, July 19, 2024. Weekly volume was -10% 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 uptrend had started on August 8, 2002 at 13.30 and reached 347.37 on June 30, 2023. AON gained -334.07 points, or -2511.80%, in 1090 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (79.29) 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 AON medium-term trend chart]
A medium-term downtrend had started on June 30, 2023 at 347.37 and reached 268.06 on April 26, 2024. AON lost 79.31 points, or 22.83%, in 43 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 244.43 and resistance is at 331.46. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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 July 5, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See AON short-term trend chart]
A short-term uptrend had started on April 26, 2024 at 268.06 and reached 302.83 on July 18, 2024. AON gained -34.77 points, or -12.97%, in 83 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 290.25 and resistance is at 310.10. 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 AON daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The daily MACD line is above its signal line since May 31, 2024. 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.
The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.7% on Friday. It is 58.62% lower than one year average. It indicates the period of low volatility of the stock price. 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.
| |
|
|