The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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 :Price is near the Fibonacci 23.6% retracement level
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversold
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 -1.21 points, or -1.76%, and closed at 67.53 on Friday, May 18, 2018. Weekly volume was -8% 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 72.77 on March 9, 2018. AJG gained -36.81 points, or -102.36%, in 111 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 66.71 and resistance is at 73.97. 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 downtrend had started on March 9, 2018 at 72.77 and reached 66.07 on April 2, 2018. AJG lost 6.70 points, or 9.21%, in 3 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 29, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 30, 2018 at 70.94 and reached 66.22 on May 17, 2018. AJG lost 4.72 points, or 6.65%, in 17 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 66.15 and resistance is at 68.73. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since May 1, 2018. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average 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) 30.78
Williams' Percentage Range (W%R) 84.10
Oversold
Lane's Stochastic (%D-Slow) 17.85
Oversold
Greed/Fear Indicator (GFI) 21.51
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.27
Williams' Percentage Range (W%R) 54.00
Lane's Stochastic (%D-Slow) 45.04
Greed/Fear Indicator (GFI) 46.72
Moving Average Converg./Diverg. (MACD) 1.97
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 73.97
Upper Bollinger Band 70.67
50 Day Moving Average 69.04
Parabolic System 68.92
20 Day Moving Average 68.80
Weekly Trendline Resistance 68.73
Weekly Stochastic Crossing 68.09
Price 67.53
Daily Stochastic Crossing 66.80
Quarterly Trendline Support 66.71
Weekly Trendline Support 66.15
Lower Bollinger Band 66.06
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Insurance Brokers 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.22
Low Date 05/17/2018
High 67.79
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 68.73
Support 66.15
High 70.94
High Date 04/30/2018
Low 66.22
Low Date 05/17/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.77
High Date 03/09/2018
Low 66.07
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 73.97
Support 66.71
Low 35.96
Low Date 01/20/2016
High 72.77
High Date 03/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.82
Low Date 03/04/2009
High 72.77
High Date 03/09/2018
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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