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Archive
7/12/2019
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Archive
- 7/12/2019 -
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Marsh & McLennan (MMC)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has risen above the Parabolic SAR
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It was a third consecutive positive week for the Marsh & McLennan (MMC). During the week, the MMC climbed 0.06 points, or 0.06%, and closed at 102.81 on Friday, July 12, 2019. Weekly volume was -35% below average.

MMC is a member of Financial Sector. Financial is the second most overbought 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 MMC long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 17.18 and reached 102.95 on July 3, 2019. MMC gained -85.77 points, or -499.24%, in 538 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (82.10) 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 MMC medium-term trend chart]
A medium-term uptrend had started on April 26, 2019 at 91.67 and reached 102.95 on July 3, 2019. MMC gained -11.28 points, or -12.31%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 98.73 and resistance is at 105.70. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See MMC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 weekly MACD line is above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See MMC short-term trend chart]
A short-term uptrend had started on June 18, 2019 at 96.54 and reached 102.95 on July 3, 2019. MMC gained -6.41 points, or -6.64%, in 15 days. Price is near the trend high.

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

The daily MACD line is above its signal line since June 27, 2019. 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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 77.86
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 82.39
Overbought
Greed/Fear Indicator (GFI) 83.37
Overbought
Moving Average Converg./Diverg. (MACD) 1.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.41
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 83.20
Overbought
Greed/Fear Indicator (GFI) 79.29
Moving Average Converg./Diverg. (MACD) 3.00
Trading Signals
Description Value Chart
Monthly Trendline Resistance 105.70
Upper Bollinger Band 104.65
Price 102.81
Daily Stochastic Crossing 102.56
Weekly Stochastic Crossing 101.56
Parabolic System 100.70
20 Day Moving Average 99.86
Monthly Trendline Support 98.73
50 Day Moving Average 97.57
Lower Bollinger Band 95.94
Yearly Trendline Resistance 87.79
Sector and Industry
Description Name Rank
Sector Financial 8
Industry Insurance Brokers 151
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 101.02
Low Date 07/10/2019
High 102.82
High Date 07/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.54
Low Date 06/18/2019
High 102.95
High Date 07/03/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 105.70
Support 98.73
Low 91.67
Low Date 04/26/2019
High 102.95
High Date 07/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.30
Low Date 12/26/2018
High 102.95
High Date 07/03/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 87.79
Support 82.10
Low 17.18
Low Date 03/05/2009
High 102.95
High Date 07/03/2019
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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