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- 5/29/2020 -
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Marsh & McLennan (MMC)

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineTrend support at 106.15
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It was a fifth consecutive positive week for the Marsh & McLennan (MMC). During the week, the MMC gained 1.42 points, or 1.36%, and closed at 105.92 on Friday, May 29, 2020. Weekly volume was 36% above average.

Long-term trend: [See MMC long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 17.18 and reached 119.88 on February 13, 2020. MMC gained -102.70 points, or -597.79%, in 571 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (85.50) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 March 23, 2020 at 74.33 and reached 108.38 on May 18, 2020. MMC gained -34.05 points, or -45.81%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (109.79) 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 medium-term trend.

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

The weekly MACD line is above its signal line since May 15, 2020. 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 MMC short-term trend chart]
A short-term uptrend had started on April 24, 2020 at 91.80 and reached 108.38 on May 18, 2020. MMC gained -16.58 points, or -18.06%, in 24 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (106.15) 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 short-term trend.

Daily Technical Indicators: [See MMC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Williams' Percentage Range help.

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) 57.66
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 49.31
Greed/Fear Indicator (GFI) 63.44
Moving Average Converg./Diverg. (MACD) 2.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.96
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 79.94
Greed/Fear Indicator (GFI) 66.04
Moving Average Converg./Diverg. (MACD) -1.56
Trading Signals
Description Value Chart
Monthly Trendline Resistance 117.34
Weekly Trendline Resistance 114.96
Monthly Trendline Support 109.79
Upper Bollinger Band 108.68
Parabolic System 107.00
Weekly Trendline Support 106.15
Price 105.92
Daily Stochastic Crossing 105.55
Weekly Stochastic Crossing 104.62
20 Day Moving Average 103.72
Yearly Trendline Resistance 97.96
Lower Bollinger Band 97.56
50 Day Moving Average 95.51
Yearly Trendline Support 85.50
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Insurance Brokers 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.18
Low Date 05/21/2020
High 107.46
High Date 05/27/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 114.96
Support 106.15
Low 91.80
Low Date 04/24/2020
High 108.38
High Date 05/18/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 117.34
Support 109.79
Low 74.33
Low Date 03/23/2020
High 108.38
High Date 05/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.88
High Date 02/13/2020
Low 74.33
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 97.96
Support 85.50
Low 17.18
Low Date 03/05/2009
High 119.88
High Date 02/13/2020
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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