Arthur J. Gallagher & Co.
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|It was the negative week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG dropped -2.55 points, or -3.31%, and closed at 74.52 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 56% above average. |
Long-term trend: [See AJG long-term trend chart]
A long-term uptrend had started on March 4, 2009 at 14.82 and reached 79.03 on November 19, 2018. AJG gained -64.21 points, or -433.27%, in 506 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (45.13) 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 January 20, 2016 at 35.96 and reached 79.03 on November 19, 2018. AJG gained -43.07 points, or -119.77%, in 147 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (74.72) 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 medium-term trend.
Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 2, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 19, 2018 at 79.03 and reached 73.69 on December 6, 2018. AJG lost 5.34 points, or 6.76%, in 17 days. The price is now at the 15.54% 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 November 21, 2018. This is an indication that the short-term trend is down.
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.
The price touches the lower Bollinger Band. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.