The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion 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 Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

Arthur J. Gallagher & Co. (AJG)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG dropped -2.40 points, or -1.45%, and closed at 163.33 on Friday, November 19, 2021. Weekly volume was -86% below average.

AJG 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 AJG long-term trend chart]
A long-term uptrend had started on March 4, 2009 at 14.82 and reached 168.50 on November 1, 2021. AJG gained -153.68 points, or -1036.98%, in 660 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (68.85) 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 AJG medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 65.09 and reached 168.50 on November 1, 2021. AJG gained -103.41 points, or -158.87%, in 84 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 159.25 and resistance is at 183.59. 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 medium-term trend.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 24, 2021. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AJG short-term trend chart]
A short-term uptrend had started on November 5, 2021 at 158.61 and reached 167.59 on November 16, 2021. AJG gained -8.98 points, or -5.66%, in 11 days. The price is now at the 47.44% retracement level.

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

The daily MACD line is below its signal line since October 29, 2021.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.67
Williams' Percentage Range (W%R) 51.20
Lane's Stochastic (%D-Slow) 66.57
Greed/Fear Indicator (GFI) 56.03
Moving Average Converg./Diverg. (MACD) 2.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.53
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 83.74
Overbought
Greed/Fear Indicator (GFI) 76.54
Moving Average Converg./Diverg. (MACD) 6.59
Trading Signals
Description Value Chart
Monthly Trendline Resistance 183.59
Parabolic System 167.65
Upper Bollinger Band 166.61
Daily Stochastic Crossing 164.80
Weekly Stochastic Crossing 164.80
Price 163.33
20 Day Moving Average 163.28
Monthly Trendline Support 159.25
Lower Bollinger Band 158.48
50 Day Moving Average 157.68
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Insurance Brokers 81
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 158.61
Low Date 11/05/2021
High 167.59
High Date 11/16/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 135.50
Low Date 07/19/2021
High 168.50
High Date 11/01/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 183.59
Support 159.25
Low 65.09
Low Date 03/18/2020
High 168.50
High Date 11/01/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.96
Low Date 01/20/2016
High 168.50
High Date 11/01/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 80.70
Support 68.85
Low 14.82
Low Date 03/04/2009
High 168.50
High Date 11/01/2021
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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