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Downtrend Broken Resist.Archive
- 10/30/2026 -
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Aon Corp. (AON) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth positive week after 5 consecutive negative weeks for the Aon Corp. (AON). During the week, the AON gained 18.15 points, or 5.98%, and closed at 321.67 on Friday, October 30, 2026. Weekly volume was 51% above average.
 Long-term trend: [See AON long-term trend chart]
A long-term downtrend had started on March 3, 2025 at 413.00 and reached 266.33 on October 5, 2026. AON lost 146.67 points, or 35.51%, in 83 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See AON medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 382.34 and reached 266.33 on October 5, 2026. AON lost 116.01 points, or 30.34%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (221.55) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AON may retest the broken resistance line. It is considered to be a support line now. 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 AON weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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.
The weekly MACD line is below its signal line since September 4, 2026. 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 October 14, 2026 at 272.04 and reached 329.43 on October 30, 2026. AON gained -57.39 points, or -21.10%, in 16 days. The price is now at the 13.52% retracement level.
 Daily Technical Indicators: [See AON daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
 Candlestick pattern: [See AON candlestick chart pattern]
On Friday the chart has formed a Bearish Meeting Lines Candlestick pattern. This pattern appears in an uptrend and is a sign that a potential bearish reversal is in play. The reliability of the Bearish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Meeting Lines Candlestick pattern during the last week.
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