The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Arthur J. Gallagher & Co.
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Summary:
Weekly :
Daily :Broken trend resistance line20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gave back -0.20 points, or -0.29%, and closed at 68.74 on Friday, May 11, 2018. Weekly volume was -12% below average.

Long-term trend: [See AJG long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 35.96 and reached 72.77 on March 9, 2018. AJG gained -36.81 points, or -102.36%, in 111 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 66.51 and resistance is at 73.83. 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 April 2, 2018 at 66.07 and reached 70.94 on April 30, 2018. AJG gained -4.87 points, or -7.37%, in 4 weeks. The price is now at the 45.17% retracement level.

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

The weekly MACD line is below its signal line since March 29, 2018. 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 April 30, 2018 at 70.94 and reached 67.02 on May 2, 2018. AJG lost 3.92 points, or 5.53%, in 2 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (68.39) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

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

The daily MACD line is below its signal line since May 1, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 37.52
Williams' Percentage Range (W%R) 45.10
Lane's Stochastic (%D-Slow) 49.94
Greed/Fear Indicator (GFI) 47.44
Moving Average Converg./Diverg. (MACD) 0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.31
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 51.48
Greed/Fear Indicator (GFI) 56.23
Moving Average Converg./Diverg. (MACD) 2.05
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 73.83
Upper Bollinger Band 70.37
Parabolic System 70.15
20 Day Moving Average 69.47
50 Day Moving Average 69.29
Weekly Stochastic Crossing 68.83
Price 68.74
Daily Stochastic Crossing 68.40
Weekly Trendline Support 68.39
Weekly Trendline Resistance 68.10
Lower Bollinger Band 67.89
Quarterly Trendline Support 66.51
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Insurance Brokers 94
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.00
Low Date 05/09/2018
High 69.52
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 68.10
Support 68.39
High 70.94
High Date 04/30/2018
Low 67.02
Low Date 05/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.07
Low Date 04/02/2018
High 70.94
High Date 04/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 73.83
Support 66.51
Low 35.96
Low Date 01/20/2016
High 72.77
High Date 03/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.82
Low Date 03/04/2009
High 72.77
High Date 03/09/2018
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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