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Yearly Price vs. Trendline:Broken Resistance
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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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Aon Corp. (AON)

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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the Aon Corp. (AON). During the week, the AON dropped -3.51 points, or -1.21%, and closed at 287.53 on Friday, August 5, 2022. It was the worst weekly loss since June 10, 2022. Weekly volume was -90% below average.

Long-term trend: [See AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 341.98 on April 21, 2022. AON gained -328.68 points, or -2471.28%, in 1028 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (73.33) 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 uptrend had started on September 22, 2011 at 39.68 and reached 341.98 on April 21, 2022. AON gained -302.30 points, or -761.84%, in 552 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 170.06 and resistance is at 350.06. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening 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 below its signal line since April 29, 2022. 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 AON short-term trend chart]
A short-term uptrend had started on June 16, 2022 at 246.21 and reached 297.45 on July 29, 2022. AON gained -51.24 points, or -20.81%, in 43 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 277.01 and resistance is at 302.38. 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 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. 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 daily MACD line is above its signal line since June 21, 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.26
Williams' Percentage Range (W%R) 38.10
Lane's Stochastic (%D-Slow) 36.02
Greed/Fear Indicator (GFI) 55.73
Moving Average Converg./Diverg. (MACD) 3.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.81
Williams' Percentage Range (W%R) 60.40
Lane's Stochastic (%D-Slow) 72.00
Greed/Fear Indicator (GFI) 54.46
Moving Average Converg./Diverg. (MACD) -3.97
Trading Signals
Description Value Chart
Weekly Trendline Resistance 302.38
Parabolic System 296.60
Upper Bollinger Band 294.94
Price 287.53
Daily Stochastic Crossing 285.64
Weekly Stochastic Crossing 285.37
20 Day Moving Average 279.13
Weekly Trendline Support 277.01
50 Day Moving Average 271.54
Lower Bollinger Band 265.55
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Insurance Brokers 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 297.45
High Date 07/29/2022
Low 278.28
Low Date 08/02/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 302.38
Support 277.01
Low 246.21
Low Date 06/16/2022
High 297.45
High Date 07/29/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 341.98
High Date 04/21/2022
Low 246.21
Low Date 06/16/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 350.06
Support 170.06
Low 39.68
Low Date 09/22/2011
High 341.98
High Date 04/21/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 89.85
Support 73.33
Low 13.30
Low Date 08/08/2002
High 341.98
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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