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Archive
- 12/13/2024 -
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Marsh & McLennan (MMC) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Marsh & McLennan (MMC). During the week, the MMC dropped -10.06 points, or -4.47%, and closed at 215.10 on Friday, December 13, 2024. Weekly volume was 39% above average.
MMC 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 MMC long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 17.18 and reached 235.50 on November 29, 2024. MMC gained -218.32 points, or -1270.78%, in 821 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (121.60) 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 MMC medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 143.33 and reached 235.50 on November 29, 2024. MMC gained -92.17 points, or -64.31%, in 128 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (219.42) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MMC may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.
 Weekly Technical Indicators: [See MMC 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 September 27, 2024. 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 MMC short-term trend chart]
A short-term downtrend had started on November 29, 2024 at 235.50 and reached 213.60 on December 11, 2024. MMC lost 21.90 points, or 9.30%, in 12 days. The price is now at the 6.85% retracement level.
 Daily Technical Indicators: [See MMC daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 109.15% higher then one year average. It indicates the period of high 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.
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.
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