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Archive
- 4/5/2024 -
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Marsh & McLennan (MMC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Marsh & McLennan (MMC). During the week, the MMC gave back -0.40 points, or -0.19%, and closed at 205.58 on Friday, April 5, 2024. Weekly volume was 19% above 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 (99.18) 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 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 (156.06) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 December 20, 2023 at 184.28 and reached 209.20 on March 14, 2024. MMC gained -24.92 points, or -13.52%, in 85 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 198.77 and resistance is at 211.71. 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 short-term trend.
 Daily Technical Indicators: [See MMC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 18, 2024.
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.
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