The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Marsh & McLennan (MMC) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Lane's Stochastic is overboughtThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Marsh & McLennan (MMC). During the week, the MMC climbed 1.19 points, or 0.58%, and closed at 206.34 on Friday, March 15, 2024. Weekly volume was -29% below average.

MMC is a member of Financials Sector. Financials 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 209.20 on March 14, 2024. MMC gained -192.02 points, or -1117.69%, in 784 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (98.87) 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 June 17, 2022 at 143.33 and reached 209.20 on March 14, 2024. MMC gained -65.87 points, or -45.96%, in 90 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (155.74) 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 medium-term trend.

Weekly Technical Indicators: [See MMC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 16, 2024. 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 January 25, 2024 at 188.31 and reached 209.20 on March 14, 2024. MMC gained -20.89 points, or -11.09%, in 49 days. The price is now at the 13.69% retracement level.

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

The daily MACD line is above its signal line since March 7, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 59.53
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 88.46
Overbought
Greed/Fear Indicator (GFI) 71.76
Moving Average Converg./Diverg. (MACD) 2.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.32
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 86.79
Overbought
Greed/Fear Indicator (GFI) 78.16
Moving Average Converg./Diverg. (MACD) 3.10
Trading Signals
Description Value Chart
Upper Bollinger Band 208.30
Daily Stochastic Crossing 208.03
Weekly Stochastic Crossing 207.15
Price 206.34
20 Day Moving Average 203.91
Parabolic System 201.73
Lower Bollinger Band 198.79
50 Day Moving Average 198.56
Quarterly Trendline Resistance 183.20
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 188.31
Low Date 01/25/2024
High 209.20
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 184.28
Low Date 12/20/2023
High 209.20
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 151.86
Low Date 03/15/2023
High 209.20
High Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 183.20
Support 155.74
Low 143.33
Low Date 06/17/2022
High 209.20
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 148.84
Support 98.87
Low 17.18
Low Date 03/05/2009
High 209.20
High Date 03/14/2024
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.