ARTHUR J GALLAGHER & CO (AJG) Stock Technical Analysis
NYSE:AJG - New York Stock Exchange, Inc. - US3635761097 - Common Stock - Currency: USD
Overall AJG gets a technical rating of 0 out of 10. AJG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, AJG is a bad performer in the overall market: 81% of all stocks are doing better.
AJG is part of the Insurance industry. There are 143 other stocks in this industry, of which 72% are performing better than AJG.
AJG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AJG has a been trading in the 277.53 - 316.89 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
AJG has an average volume of 1450820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of AJG is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
281.32
345.22
When analyzing the support we notice one important area.
- A support zone ranging from 284.16 to 284.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 305.48 to 317.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @325.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 341.80 to 341.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AJG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AJG is down. |
| ChartMill Relative Strength | 19.63 | NEGATIVE | AJG has a low relative strength, it was outperformed by 80.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AJG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AJG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AJG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.78 | OVERSOLD | The low RSI value suggests AJG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.55 | NEGATIVE | The MACD value suggests AJG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.85 | OVERSOLD | The low Stochastics value suggests AJG may be oversold. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for AJG suggests some volalility. |
| Average Directional Index/ADX (14) | 35.94 | POSITIVE | The high ADX value value for AJG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
284.61
+0.44 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.15%
1 Week-7.93%
2 Weeks-7.67%
1 Month-9.95%
3 Month-15.84%
6 Month-11.7%
12 Month0.66%
2 Year23.49%
3 Year56.75%
5 Year170.29%
10 Year550.98%
15 Year1045.31%
Volatility
ATR(14)7.02
ATR(20)%2.26%
ATR Inc4.82%
Range Today4.64
ADR(20)6.3
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.63
Mansfield-1.45
10 Day High315.48
10 Day Low277.53
20 Day High316.89
20 Day Low277.53
52 Week High351.23
52 Week Low274.25
CS1 End284.16
CR1 Start305.48
Volume & EV
DER(3)3.03%
DER(5)3.02%
Volume1.78M
Volume Incr155.78%
Vol(5)2.82M
Vol(50)1.45M