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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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- 5/19/2023 -
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Aon Corp. (AON)

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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Broken trend support lineStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below 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 dropped -9.05 points, or -2.69%, and closed at 327.12 on Friday, May 19, 2023. It was the worst weekly loss since March 10, 2023. Weekly volume was 8% above 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 (75.74) 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 188.52 and resistance is at 383.17. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 weekly MACD line is above its signal line since April 6, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 15, 2023 at 280.89 and reached 338.27 on May 12, 2023. AON gained -57.38 points, or -20.43%, in 58 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (329.68) is broken. A broken support is considered to be a long-term bearish 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 support 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.

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

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.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.60
Williams' Percentage Range (W%R) 52.10
Lane's Stochastic (%D-Slow) 41.80
Greed/Fear Indicator (GFI) 48.11
Moving Average Converg./Diverg. (MACD) 3.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.98
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 88.30
Overbought
Greed/Fear Indicator (GFI) 74.37
Moving Average Converg./Diverg. (MACD) 7.13
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 383.17
Monthly Trendline Resistance 347.64
Weekly Trendline Resistance 339.52
Upper Bollinger Band 338.17
Parabolic System 337.16
Weekly Stochastic Crossing 333.06
Weekly Trendline Support 329.68
20 Day Moving Average 328.64
Price 327.12
Daily Stochastic Crossing 325.98
50 Day Moving Average 319.23
Lower Bollinger Band 317.30
Monthly Trendline Support 297.95
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Insurance Brokers 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 313.77
Low Date 04/28/2023
High 338.27
High Date 05/12/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 339.52
Support 329.68
Low 280.89
Low Date 03/15/2023
High 338.27
High Date 05/12/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 347.64
Support 297.95
Low 246.21
Low Date 06/16/2022
High 338.27
High Date 05/12/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 383.17
Support 188.52
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 92.26
Support 75.74
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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