Aon Corp. (AON)
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|It was the negative week for the Aon Corp. (AON). During the week, the AON dropped -3.51 points, or -1.21%, and closed at 287.53 on Friday, August 5, 2022. It was the worst weekly loss since June 10, 2022. Weekly volume was -90% 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 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 (73.33) 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 170.06 and resistance is at 350.06. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since April 29, 2022. The distance between MACD and the signal line is low and getting smaller. 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 June 16, 2022 at 246.21 and reached 297.45 on July 29, 2022. AON gained -51.24 points, or -20.81%, in 43 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 277.01 and resistance is at 302.38. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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. 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 daily MACD line is above its signal line since June 21, 2022. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.