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
- 2/9/2018
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Arthur J. Gallagher & Co.
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic bearish divergenceOversold sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
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It was the negative week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG dropped -3.63 points, or -5.29%, and closed at 64.94 on Friday, February 09, 2018. Weekly volume was 117% above average.

AJG is a member of Financial Sector. Financial is the second most oversold 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 70.55 on January 29, 2018. AJG gained -34.59 points, or -96.19%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 62.83 and resistance is at 70.76. 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 January 2, 2018 at 62.04 and reached 70.55 on January 29, 2018. AJG gained -8.51 points, or -13.72%, in 3 weeks. The price is now at the 65.92% retracement level.

Weekly Technical Indicators: [See AJG weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic 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 and Relative Strength Index help.

The weekly MACD line is above its signal line since January 26, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 29, 2018 at 70.55 and reached 63.54 on February 9, 2018. AJG lost 7.01 points, or 9.94%, in 11 days. The price is now at the 19.97% retracement 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.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 170.29% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price 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) 50.60
Williams' Percentage Range (W%R) 74.60
Lane's Stochastic (%D-Slow) 21.54
Greed/Fear Indicator (GFI) 32.52
Moving Average Converg./Diverg. (MACD) 0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.91
Bearish
Williams' Percentage Range (W%R) 55.00
Lane's Stochastic (%D-Slow) 50.25
Bearish
Greed/Fear Indicator (GFI) 48.87
Moving Average Converg./Diverg. (MACD) 1.86
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 70.76
Upper Bollinger Band 70.40
Parabolic System 69.49
Weekly Stochastic Crossing 66.78
20 Day Moving Average 66.13
50 Day Moving Average 64.99
Price 64.94
Daily Stochastic Crossing 64.77
Quarterly Trendline Support 62.83
Lower Bollinger Band 61.56
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Insurance Brokers 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 70.55
High Date 01/29/2018
Low 63.54
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.55
High Date 01/29/2018
Low 63.54
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.04
Low Date 01/02/2018
High 70.55
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 70.76
Support 62.83
Low 35.96
Low Date 01/20/2016
High 70.55
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.82
Low Date 03/04/2009
High 70.55
High Date 01/29/2018
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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