The Greedy Trader Weekly Analysis
Sign In Dec 14, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Weekly Pattern:Rising Channel
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineTrend support at 74.72
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger Band
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 -2.55 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.62
Williams' Percentage Range (W%R) 72.80
Lane's Stochastic (%D-Slow) 31.08
Greed/Fear Indicator (GFI) 31.28
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.66
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 80.77
Overbought
Greed/Fear Indicator (GFI) 63.67
Moving Average Converg./Diverg. (MACD) 1.95
Trading Signals
Description Value Chart
Monthly Trendline Resistance 80.74
Quarterly Trendline Resistance 78.68
Parabolic System 78.43
Upper Bollinger Band 78.42
Weekly Stochastic Crossing 77.34
20 Day Moving Average 77.12
Daily Stochastic Crossing 75.20
50 Day Moving Average 75.13
Quarterly Trendline Support 74.72
Price 74.52
Lower Bollinger Band 74.37
Monthly Trendline Support 72.44
Yearly Trendline Resistance 67.85
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Insurance Brokers 126
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.03
High Date 11/19/2018
Low 73.69
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.40
Low Date 10/12/2018
High 79.03
High Date 11/19/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.74
Support 72.44
Low 64.54
Low Date 06/28/2018
High 79.03
High Date 11/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 78.68
Support 74.72
Low 35.96
Low Date 01/20/2016
High 79.03
High Date 11/19/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 67.85
Support 45.13
Low 14.82
Low Date 03/04/2009
High 79.03
High Date 11/19/2018
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.

Copyright© 2004-2016 All rights reserved.