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Advanced TA SearchArchive
- 6/7/2024 -
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Arthur J. Gallagher & Co. (AJG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG climbed 0.20 points, or 0.08%, and closed at 253.53 on Friday, June 7, 2024. AJG was trading at average weekly trading volume.
AJG is a member of Financials Sector. Financials is the second 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 AJG long-term trend chart]
A long-term uptrend had started on March 4, 2009 at 14.82 and reached 259.35 on May 22, 2024. AJG gained -244.53 points, or -1650%, in 794 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (80.09) 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 AJG medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 65.09 and reached 259.35 on May 22, 2024. AJG gained -194.26 points, or -298.45%, in 218 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (230.95) 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 AJG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 17, 2024. 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 AJG short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 230.08 and reached 259.35 on May 22, 2024. AJG gained -29.27 points, or -12.72%, in 35 days. The chart has formed a Broadening Ascending Wedge chart pattern.
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 24, 2024. The distance between MACD and the signal line is low and getting smaller.
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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