The Greedy Trader Weekly Analysis
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Weekly W%R:< 10
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Williams' Percentage Range (W%R)
Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.
Williams' Percentage Range - overbought oversold stocks.
Williams' Percentage Range,oversold stocks,overbought,overbought oversold
Williams Percentage Range - Williams %R Bullish Divergence - W%R Bullish Divergence.
Williams Percentage Range,Bullish Divergence,Williams %R Bullish Divergence,W%R Bullish Divergence,W%R indicator,William's Percentage Range

Aon Corp. (AON)

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 278.99
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandLane's Stochastic is oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Aon Corp. (AON). During the week, the AON dropped -17.67 points, or -5.88%, and closed at 282.89 on Friday, January 7, 2022. It was the worst weekly loss since November 5, 2021. Weekly volume was -86% 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 326.25 on October 29, 2021. AON gained -312.95 points, or -2353.01%, in 1003 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (71.58) 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 326.25 on October 29, 2021. AON gained -286.57 points, or -722.20%, in 527 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (278.99). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 November 12, 2021. The distance between MACD and the signal line is relatively high and getting bigger. 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 November 16, 2021 at 307.93 and reached 282.56 on January 7, 2022. AON lost 25.37 points, or 8.24%, in 52 days. Price is near the trend low.

Daily Technical Indicators: [See AON daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.96
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 18.17
Oversold
Greed/Fear Indicator (GFI) 30.92
Moving Average Converg./Diverg. (MACD) -0.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.26
Williams' Percentage Range (W%R) 69.90
Lane's Stochastic (%D-Slow) 24.01
Greed/Fear Indicator (GFI) 33.06
Moving Average Converg./Diverg. (MACD) 13.59
Trading Signals
Description Value Chart
Upper Bollinger Band 302.18
Parabolic System 300.34
50 Day Moving Average 297.09
20 Day Moving Average 294.29
Weekly Stochastic Crossing 288.25
Lower Bollinger Band 286.46
Daily Stochastic Crossing 286.27
Price 282.89
Quarterly Trendline Resistance 278.99
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Insurance Brokers 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 307.93
High Date 11/16/2021
Low 282.56
Low Date 01/07/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 326.25
High Date 10/29/2021
Low 282.56
Low Date 01/07/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 143.93
Low Date 03/23/2020
High 326.25
High Date 10/29/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 278.99
Support 163.05
Low 39.68
Low Date 09/22/2011
High 326.25
High Date 10/29/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 88.10
Support 71.58
Low 13.30
Low Date 08/08/2002
High 326.25
High Date 10/29/2021
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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