The Greedy Trader Weekly Analysis
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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
Arthur J. Gallagher & Co.
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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtMACD bearish divergence
Daily :Daily  MACD line has moved below its signal linePrice is near the Fibonacci 23.6% retracement level
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 gave back -0.59 points, or -0.83%, and closed at 70.87 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -34% 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 73.11 on July 27, 2018. AJG gained -37.15 points, or -103.31%, in 131 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (71.51) is broken. A broken support is considered to be a long-term bearish 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 support 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 73.11 on July 27, 2018. AJG gained -8.57 points, or -13.28%, in 4 weeks. The price is now at the 26.14% retracement level.

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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since July 20, 2018. This is an indication that the medium-term trend is up. 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 August 8, 2018 at 71.97 and reached 70.57 on August 10, 2018. AJG lost 1.40 points, or 1.95%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily technical indicators are neutral.

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) 51.24
Williams' Percentage Range (W%R) 48.70
Lane's Stochastic (%D-Slow) 45.67
Greed/Fear Indicator (GFI) 49.40
Moving Average Converg./Diverg. (MACD) 1.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.20
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 84.91
Overbought
Greed/Fear Indicator (GFI) 73.09
Moving Average Converg./Diverg. (MACD) 0.89 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 73.84
Parabolic System 72.13
Weekly Stochastic Crossing 71.98
Upper Bollinger Band 71.72
Quarterly Trendline Support 71.51
Daily Stochastic Crossing 71.11
20 Day Moving Average 70.92
Price 70.87
Lower Bollinger Band 69.33
50 Day Moving Average 68.29
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Insurance Brokers 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 71.97
High Date 08/08/2018
Low 70.57
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.97
High Date 08/08/2018
Low 70.57
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.54
Low Date 06/28/2018
High 73.11
High Date 07/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 73.84
Support 71.51
Low 35.96
Low Date 01/20/2016
High 73.11
High Date 07/27/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.82
Low Date 03/04/2009
High 73.11
High Date 07/27/2018
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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