AON PLC-CLASS A (AON) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AON - IE00BLP1HW54 - Common Stock
Taking everything into account, AON scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. AON was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, AON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 352.32, a Stop Loss order could be placed below this zone.
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332.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 344.17 to 352.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 335.84 to 335.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 353.40 to 354.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 372.08 to 376.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @384.34 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for AON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AON is up. |
| ChartMill Relative Strength | 37.5 | NEUTRAL | AON is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.25 | NEUTRAL | The RSI value for AON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests AON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.96 | OVERBOUGHT | The high Stochastics value suggests AON may be overbought. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for AON suggests low volalility. |
| Average Directional Index/ADX (14) | 8.34 | NEGATIVE | The low ADX value for AON suggests a weak or negative trend. |
352.88
-3.61 (-1.01%)
AON PLC-CLASS A / AON FAQ
Can you provide the ChartMill technical rating for AON PLC-CLASS A?
ChartMill assigns a technical rating of 4 / 10 to AON.
What is the current trend direction of AON PLC-CLASS A (AON) stock?
The current trend direction for AON PLC-CLASS A (AON) is Bearish.
What is the RSI signal for AON stock?
AON PLC-CLASS A (AON) has an RSI value of 52.2545. This indicates that the stock is currently neutral.
What is the short term momentum for AON stock?
The short term momentum for AON PLC-CLASS A (AON) is positive.
What are the support and resistance levels for AON PLC-CLASS A (AON) stock?
AON PLC-CLASS A (AON) has a support level at 352.32 and a resistance level at 353.4. Check the full technical report for our detailed analysis of AON support and resistance levels.