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Advanced TA SearchArchive
- 4/19/2024 -
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Aon Corp. (AON) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Aon Corp. (AON). During the week, the AON climbed 2.19 points, or 0.71%, and closed at 310.19 on Friday, April 19, 2024. AON was trading at average weekly trading volume.
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 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 (78.53) 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 September 22, 2011 at 39.68 and reached 347.37 on June 30, 2023. AON gained -307.69 points, or -775.43%, in 614 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 200.33 and resistance is at 363.71. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 below overbought area. 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 weekly MACD line is above its signal line since February 23, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 December 20, 2023 at 284.85 and reached 336.06 on March 28, 2024. AON gained -51.21 points, or -17.98%, in 99 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 298.59 and resistance is at 343.34. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See AON daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 2, 2024.
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