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Advanced TA SearchArchive
- 5/17/2024 -
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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 third consecutive positive week for the Arthur J. Gallagher & Co. (AJG). During the week, the AJG gained 6.85 points, or 2.73%, and closed at 257.67 on Friday, May 17, 2024. Weekly volume was -12% below average.
AJG 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 AJG long-term trend chart]
A long-term uptrend had started on March 4, 2009 at 14.82 and reached 258.16 on May 17, 2024. AJG gained -243.34 points, or -1641.97%, in 793 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (79.84) 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 AJG medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 65.09 and reached 258.16 on May 17, 2024. AJG gained -193.07 points, or -296.62%, in 217 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (228.77) 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 AJG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 5, 2024. The distance between MACD and the signal line is low and getting smaller. 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 258.16 on May 17, 2024. AJG gained -28.08 points, or -12.20%, in 30 days. Price is near the trend high.
 Daily Technical Indicators: [See AJG daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 29, 2024. This is an indication that the short-term trend is up.
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