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Monthly Pattern:Rising Channel
Number of records: 15
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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
Archive
- 12/1/2017
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Arthur J. Gallagher & Co.
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Summary:
Weekly :Overbought sectorRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaRelative Strength Index, Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved below its signal lineBroken trend resistance line
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It was a first positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 1.18 points, or 1.80%, and closed at 66.57 on Friday, December 01, 2017. Weekly volume was 128% above average.

AJG is a member of Financial Sector. Financial 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 January 20, 2016 at 35.96 and reached 67.32 on November 29, 2017. AJG gained -31.36 points, or -87.21%, in 97 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 60.67 and resistance is at 68.46. 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 long-term trend.

Medium-term trend: [See AJG medium-term trend chart]
A medium-term uptrend had started on May 15, 2017 at 54.50 and reached 67.32 on November 29, 2017. AJG gained -12.82 points, or -23.52%, in 28 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.16) 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 medium-term trend.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 15, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 September 5, 2017 at 57.19 and reached 67.32 on November 29, 2017. AJG gained -10.13 points, or -17.71%, in 85 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (64.51) 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 short-term trend.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.58
Bearish
Williams' Percentage Range (W%R) 27.50
Lane's Stochastic (%D-Slow) 58.84
Bearish
Greed/Fear Indicator (GFI) 65.97
Moving Average Converg./Diverg. (MACD) 0.97 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.13
Overbought
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 91.78
Strong Overbought
Greed/Fear Indicator (GFI) 84.45
Overbought
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 68.46
Upper Bollinger Band 67.55
Parabolic System 67.39
Weekly Stochastic Crossing 66.80
Price 66.57
Daily Stochastic Crossing 66.27
Weekly Trendline Resistance 66.07
20 Day Moving Average 65.26
Weekly Trendline Support 64.51
50 Day Moving Average 63.39
Lower Bollinger Band 62.95
Monthly Trendline Resistance 62.88
Quarterly Trendline Support 60.67
Monthly Trendline Support 60.16
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Insurance Brokers 131
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.31
Low Date 11/27/2017
High 67.32
High Date 11/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 66.07
Support 64.51
Low 57.19
Low Date 09/05/2017
High 67.32
High Date 11/29/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 62.88
Support 60.16
Low 54.50
Low Date 05/15/2017
High 67.32
High Date 11/29/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 68.46
Support 60.67
Low 35.96
Low Date 01/20/2016
High 67.32
High Date 11/29/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.82
Low Date 03/04/2009
High 67.32
High Date 11/29/2017
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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