The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Marsh & McLennan
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a second consecutive positive week for the Marsh & McLennan (MMC). During the week, the MMC gained 2.24 points, or 2.39%, and closed at 96.12 on Friday, May 10, 2019. It was the best weekly gain since March 15, 2019. MMC was trading at average weekly trading volume.

MMC is a member of Financial Sector. Financial is the 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 96.15 on May 10, 2019. MMC gained -78.97 points, or -459.66%, in 531 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (80.86) 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 April 26, 2019 at 91.67 and reached 96.15 on May 10, 2019. MMC gained -4.48 points, or -4.89%, in 2 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (93.07) 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 medium-term trend.

Weekly Technical Indicators: [See MMC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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. 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. 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 MMC short-term trend chart]
A short-term uptrend had started on May 7, 2019 at 92.69 and reached 96.15 on May 10, 2019. MMC gained -3.46 points, or -3.73%, in 3 days. Price is near the trend high.

Daily Technical Indicators: [See MMC daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 3.5% on Friday. It is 52.74% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.84
Williams' Percentage Range (W%R) 61.40
Lane's Stochastic (%D-Slow) 72.77
Greed/Fear Indicator (GFI) 58.07
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.63
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 74.49
Bearish
Greed/Fear Indicator (GFI) 72.86
Moving Average Converg./Diverg. (MACD) 2.40 Bearish
Trading Signals
Description Value Chart
Price 96.12
Upper Bollinger Band 95.58
Daily Stochastic Crossing 95.15
Weekly Stochastic Crossing 94.97
20 Day Moving Average 94.08
Monthly Trendline Resistance 94.01
50 Day Moving Average 93.22
Monthly Trendline Support 93.07
Lower Bollinger Band 92.23
Parabolic System 91.76
Yearly Trendline Resistance 86.55
Yearly Trendline Support 80.86
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Insurance Brokers 131
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 92.69
Low Date 05/07/2019
High 96.15
High Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.69
Low Date 05/07/2019
High 96.15
High Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 94.01
Support 93.07
Low 91.67
Low Date 04/26/2019
High 96.15
High Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.30
Low Date 12/26/2018
High 96.15
High Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 86.55
Support 80.86
Low 17.18
Low Date 03/05/2009
High 96.15
High Date 05/10/2019
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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