The Greedy Trader Weekly Analysis
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Weekly D%-Slow:> 90
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Lane's Stochastic is strongly overboughtStochastic has declined below the signal line
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It was a second consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG climbed 1.48 points, or 0.59%, and closed at 253.17 on Friday, March 15, 2024. Weekly volume was -17% 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 255.71 on March 14, 2024. AJG gained -240.89 points, or -1625.44%, in 784 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (79.07) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 255.71 on March 14, 2024. AJG gained -190.62 points, or -292.86%, in 208 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (221.92) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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. 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 March 1, 2024. 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 January 26, 2024 at 227.08 and reached 255.71 on March 14, 2024. AJG gained -28.63 points, or -12.61%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since February 2, 2024. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.34
Williams' Percentage Range (W%R) 23.30
Lane's Stochastic (%D-Slow) 93.74
Strong Overbought
Greed/Fear Indicator (GFI) 80.94
Overbought
Moving Average Converg./Diverg. (MACD) 3.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.61
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 86.90
Overbought
Greed/Fear Indicator (GFI) 79.16
Moving Average Converg./Diverg. (MACD) 4.83
Trading Signals
Description Value Chart
Upper Bollinger Band 257.53
Daily Stochastic Crossing 254.91
Weekly Stochastic Crossing 253.61
Price 253.17
Parabolic System 248.96
20 Day Moving Average 247.02
50 Day Moving Average 239.27
Lower Bollinger Band 237.33
Monthly Trendline Resistance 236.65
Monthly Trendline Support 221.92
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 101
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 227.08
Low Date 01/26/2024
High 255.71
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.63
Low Date 12/21/2023
High 255.71
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 236.65
Support 221.92
Low 65.09
Low Date 03/18/2020
High 255.71
High Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.96
Low Date 01/20/2016
High 255.71
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 90.92
Support 79.07
Low 14.82
Low Date 03/04/2009
High 255.71
High Date 03/14/2024
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.