The Greedy Trader Weekly Analysis
Sign In Jun 7, 2024
Skip Navigation Links
TA Search
Share
Yearly Price vs. Trendline:Broken Resistance
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Advanced TA Search

Archive
- 5/31/2024 -
Sign In to see current Signals.

Aon Corp. (AON) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was a first positive week for the Aon Corp. (AON). During the week, the AON climbed 0.89 points, or 0.32%, and closed at 281.64 on Friday, May 31, 2024. Weekly volume was 48% above 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 (78.89) 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 254.10 and resistance is at 333.49. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 20, 2024 at 294.05 and reached 275.07 on May 30, 2024. AON lost 18.98 points, or 6.45%, in 10 days. The price is now at the 34.62% retracement level.

Daily Technical Indicators: [See AON daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.23
Williams' Percentage Range (W%R) 85.20
Oversold
Lane's Stochastic (%D-Slow) 14.71
Oversold
Greed/Fear Indicator (GFI) 21.25
Moving Average Converg./Diverg. (MACD) -5.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.94
Williams' Percentage Range (W%R) 85.60
Oversold
Lane's Stochastic (%D-Slow) 24.63
Greed/Fear Indicator (GFI) 26.11
Moving Average Converg./Diverg. (MACD) -4.27
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 333.49
50 Day Moving Average 301.22
Upper Bollinger Band 297.07
Parabolic System 286.61
20 Day Moving Average 285.42
Price 281.64
Weekly Stochastic Crossing 281.57
Daily Stochastic Crossing 277.60
Lower Bollinger Band 275.65
Quarterly Trendline Support 254.10
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Insurance Brokers 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 275.07
Low Date 05/30/2024
High 281.64
High Date 05/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 294.05
High Date 05/20/2024
Low 275.07
Low Date 05/30/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 336.06
High Date 03/28/2024
Low 268.06
Low Date 04/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 333.49
Support 254.10
High 347.37
High Date 06/30/2023
Low 268.06
Low Date 04/26/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 95.41
Support 78.89
Low 13.30
Low Date 08/08/2002
High 347.37
High Date 06/30/2023
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.