The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 15
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Arthur J. Gallagher & Co.
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Summary:
Weekly :Trend support at 67.44
Daily :Broken trend resistance lineDaily  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 BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 1.55 points, or 2.34%, and closed at 67.78 on Friday, June 08, 2018. It was the best weekly gain since March 29, 2018. Weekly volume was -37% below average.

Long-term trend: [See AJG long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 35.96 and reached 72.77 on March 9, 2018. AJG gained -36.81 points, or -102.36%, in 111 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (67.44) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AJG medium-term trend chart]
A medium-term downtrend had started on March 9, 2018 at 72.77 and reached 65.47 on May 29, 2018. AJG lost 7.30 points, or 10.03%, in 11 weeks. The price is now at the 31.64% retracement level.

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

The weekly MACD line is below its signal line since March 29, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AJG short-term trend chart]
A short-term downtrend had started on April 30, 2018 at 70.94 and reached 65.47 on May 29, 2018. AJG lost 5.47 points, or 7.71%, in 29 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (64.61) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See AJG 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.82
Williams' Percentage Range (W%R) 56.50
Lane's Stochastic (%D-Slow) 57.64
Greed/Fear Indicator (GFI) 50.97
Moving Average Converg./Diverg. (MACD) -0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.11
Williams' Percentage Range (W%R) 59.50
Lane's Stochastic (%D-Slow) 29.32
Greed/Fear Indicator (GFI) 38.46
Moving Average Converg./Diverg. (MACD) 1.63
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 74.70
Upper Bollinger Band 68.94
50 Day Moving Average 68.27
Price 67.78
Quarterly Trendline Support 67.44
20 Day Moving Average 67.22
Daily Stochastic Crossing 67.06
Weekly Stochastic Crossing 66.89
Weekly Trendline Resistance 66.50
Lower Bollinger Band 65.85
Parabolic System 65.50
Weekly Trendline Support 64.61
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Insurance Brokers 52
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.47
Low Date 05/29/2018
High 67.79
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 66.50
Support 64.61
High 70.94
High Date 04/30/2018
Low 65.47
Low Date 05/29/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.77
High Date 03/09/2018
Low 65.47
Low Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 74.70
Support 67.44
Low 35.96
Low Date 01/20/2016
High 72.77
High Date 03/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.82
Low Date 03/04/2009
High 72.77
High Date 03/09/2018
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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