The Greedy Trader Weekly Analysis
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Quarterly 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
- 8/3/2018
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Arthur J. Gallagher & Co.
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Summary:
Weekly :MACD bearish divergenceTrend support at 71.26
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG climbed 0.57 points, or 0.80%, and closed at 71.46 on Friday, August 03, 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 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 price is near the trend support (71.26) 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 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 19.25% retracement level.

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

The weekly MACD line is above its signal line since July 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 August 2, 2018 at 70.36 and reached 71.46 on August 3, 2018. AJG gained -1.10 points, or -1.56%, in 1 days. Price is near the trend high.

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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 3, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.13
Williams' Percentage Range (W%R) 31.60
Lane's Stochastic (%D-Slow) 41.92
Greed/Fear Indicator (GFI) 61.81
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.52
Williams' Percentage Range (W%R) 22.90
Lane's Stochastic (%D-Slow) 73.53
Greed/Fear Indicator (GFI) 68.64
Moving Average Converg./Diverg. (MACD) 0.84 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 73.59
Parabolic System 72.77
Upper Bollinger Band 72.32
Weekly Stochastic Crossing 71.92
Daily Stochastic Crossing 71.49
Price 71.46
Quarterly Trendline Support 71.26
20 Day Moving Average 70.16
50 Day Moving Average 67.84
Lower Bollinger Band 67.69
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Insurance Brokers 82
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.36
Low Date 08/02/2018
High 71.46
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.36
Low Date 08/02/2018
High 71.46
High Date 08/03/2018
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 Test Support
Resistance 73.59
Support 71.26
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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