The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 5/2/2025 -
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Marsh & McLennan (MMC) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Marsh & McLennan (MMC). During the week, the MMC gained 8.05 points, or 3.67%, and closed at 227.29 on Friday, May 2, 2025. It was the best weekly gain since March 28, 2025. Weekly volume was 24% 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 248.00 on April 4, 2025. MMC gained -230.82 points, or -1343.54%, in 839 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (105.20) 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 January 13, 2025 at 207.20 and reached 248.00 on April 4, 2025. MMC gained -40.80 points, or -19.69%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (247.10) 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 medium-term trend.

Weekly Technical Indicators: [See MMC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 17, 2025. Use the following link to access a MACD help.

Short-term trend: [See MMC short-term trend chart]
A short-term uptrend had started on April 21, 2025 at 209.92 and reached 227.57 on May 2, 2025. MMC gained -17.65 points, or -8.41%, in 11 days. Price is near the trend high.

Daily Technical Indicators: [See MMC daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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) 43.81
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 72.88
Greed/Fear Indicator (GFI) 52.92
Moving Average Converg./Diverg. (MACD) -3.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.57
Williams' Percentage Range (W%R) 54.10
Lane's Stochastic (%D-Slow) 45.87
Greed/Fear Indicator (GFI) 47.47
Moving Average Converg./Diverg. (MACD) 3.42
Trading Signals
Description Value Chart
Monthly Trendline Resistance 253.12
Monthly Trendline Support 247.10
Upper Bollinger Band 238.17
50 Day Moving Average 231.53
Price 227.29
20 Day Moving Average 224.77
Daily Stochastic Crossing 224.76
Weekly Stochastic Crossing 222.85
Lower Bollinger Band 213.54
Parabolic System 212.00
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Insurance Brokers 72
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 209.92
Low Date 04/21/2025
High 227.57
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 248.00
High Date 04/04/2025
Low 209.92
Low Date 04/21/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 253.12
Support 247.10
Low 207.20
Low Date 01/13/2025
High 248.00
High Date 04/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 143.33
Low Date 06/17/2022
High 248.00
High Date 04/04/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 159.59
Support 105.20
Low 17.18
Low Date 03/05/2009
High 248.00
High Date 04/04/2025
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.