Arthur J. Gallagher & Co. (AJG)
Move cursor over the icon to see details.
|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.