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Advanced TA SearchArchive
- 6/7/2024 -
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Aon Corp. (AON) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Aon Corp. (AON). During the week, the AON climbed 1.48 points, or 0.53%, and closed at 283.12 on Friday, June 7, 2024. Weekly volume was 31% above average.
AON 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 AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 347.37 on June 30, 2023. AON gained -334.07 points, or -2511.80%, in 1090 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (78.95) 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 long-term trend.
 Medium-term trend: [See AON medium-term trend chart]
A medium-term downtrend had started on June 30, 2023 at 347.37 and reached 268.06 on April 26, 2024. AON lost 79.31 points, or 22.83%, in 43 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 252.64 and resistance is at 333.18. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AON weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See AON short-term trend chart]
A short-term uptrend had started on May 30, 2024 at 275.07 and reached 286.89 on June 7, 2024. AON gained -11.82 points, or -4.30%, in 8 days. The price is now at the 31.90% retracement level.
Daily Technical Indicators: [See AON daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
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.
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