The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 0
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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 :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fourth consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 3.38 points, or 4.53%, and closed at 78.05 on Friday, November 09, 2018. AJG was trading at average weekly trading volume.

Long-term trend: [See AJG long-term trend chart]
A long-term uptrend had started on March 4, 2009 at 14.82 and reached 78.37 on November 9, 2018. AJG gained -63.55 points, or -428.81%, in 505 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (44.92) 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 long-term trend.

Medium-term trend: [See AJG medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 64.54 and reached 78.37 on November 9, 2018. AJG gained -13.83 points, or -21.43%, in 19 weeks. Price is near the trend high.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 12, 2018 at 70.40 and reached 78.37 on November 9, 2018. AJG gained -7.97 points, or -11.32%, in 28 days. Price is near the trend high.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since October 25, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.51
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 96.23
Strong Overbought
Greed/Fear Indicator (GFI) 89.41
Overbought
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.25
Bearish
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 54.38
Bearish
Greed/Fear Indicator (GFI) 69.94
Moving Average Converg./Diverg. (MACD) 1.75 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 78.92
Daily Stochastic Crossing 78.19
Price 78.05
Parabolic System 75.02
Weekly Stochastic Crossing 74.80
50 Day Moving Average 74.18
20 Day Moving Average 73.90
Lower Bollinger Band 70.73
Yearly Trendline Resistance 67.53
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Insurance Brokers 136
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 73.13
Low Date 10/30/2018
High 78.37
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.40
Low Date 10/12/2018
High 78.37
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.54
Low Date 06/28/2018
High 78.37
High Date 11/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.96
Low Date 01/20/2016
High 78.37
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 67.53
Support 44.92
Low 14.82
Low Date 03/04/2009
High 78.37
High Date 11/09/2018
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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