The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 6/6/2025 -
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Aon Corp. (AON) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Stochastic has declined below the signal line
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It was the negative week for the Aon Corp. (AON). During the week, the AON gave back -0.99 points, or -0.27%, and closed at 371.09 on Friday, June 6, 2025. Weekly volume was -10% below average.

AON 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 AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 413.00 on March 3, 2025. AON gained -399.70 points, or -3005.26%, in 1177 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (84.13) 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 uptrend had started on April 26, 2024 at 268.06 and reached 413.00 on March 3, 2025. AON gained -144.94 points, or -54.07%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (393.14) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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 4, 2025. 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 April 25, 2025 at 323.70 and reached 379.91 on June 3, 2025. AON gained -56.21 points, or -17.36%, in 39 days. The price is now at the 15.69% retracement level.

Daily Technical Indicators: [See AON daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 daily MACD line is above its signal line since May 5, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.70
Williams' Percentage Range (W%R) 21.40
Lane's Stochastic (%D-Slow) 76.09
Greed/Fear Indicator (GFI) 71.46
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.10
Williams' Percentage Range (W%R) 44.80
Lane's Stochastic (%D-Slow) 47.89
Greed/Fear Indicator (GFI) 49.43
Moving Average Converg./Diverg. (MACD) 4.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 432.13
Quarterly Trendline Support 393.14
Upper Bollinger Band 380.86
Daily Stochastic Crossing 373.82
Price 371.09
50 Day Moving Average 366.98
Parabolic System 366.80
20 Day Moving Average 363.16
Weekly Stochastic Crossing 355.78
Lower Bollinger Band 350.97
Monthly Trendline Resistance 335.91
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 49
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 347.42
Low Date 05/14/2025
High 379.91
High Date 06/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 323.70
Low Date 04/25/2025
High 379.91
High Date 06/03/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 335.91
Support 259.43
High 413.00
High Date 03/03/2025
Low 323.70
Low Date 04/25/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 432.13
Support 393.14
Low 268.06
Low Date 04/26/2024
High 413.00
High Date 03/03/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 100.14
Support 84.13
Low 13.30
Low Date 08/08/2002
High 413.00
High Date 03/03/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.