Arthur J Gallagher & Co Stock Forecast
Arthur J Gallagher & Co stock price ended at $236.95 on Thursday, after gaining 0.0591%.
(Updated on Apr 25, 2024)
The Arthur J Gallagher & Co stock price gained 0.0591% on the last trading day (Thursday, 25th Apr 2024), rising from $236.81 to $236.95. During the last trading day the stock fluctuated 1.49% from a day low at $234.09 to a day high of $237.57. The price has been going up and down for this period, and there has been a -0.51% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 153 thousand more shares were traded than the day before. In total, 728 thousand shares were bought and sold for approximately $172.47 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Arthur J Gallagher & Co stock with a 90% probability to be traded between $234.84 and $261.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AJG Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arthur J Gallagher & Co stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $244.56. On a fall, the stock will find some support from the short-term average at $235.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Arthur J Gallagher & Co stock
Arthur J Gallagher & Co finds support from accumulated volume at $236.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.48 (1.49%) between high and low. For the last week, the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: $223.83 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (AJG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Arthur J Gallagher & Co to open at $236.20, and during the day (based on 14 day Average True Range), to move between $233.46 and $240.44, which gives a possible trading interval of +/-$3.49 (+/-1.47%) up or down from last closing price. If Arthur J Gallagher & Co takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $236.26 (0.29%) than the resistance at $240.02 (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arthur J Gallagher & Co stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Arthur J Gallagher & Co stock to perform well in the short-term period.
Current score: 1.883 Buy Candidate Unchanged
Predicted Opening Price for Arthur J Gallagher & Co of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$236.20 ( 0.315%) | $236.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AJG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 239.68 | 1.15 % | |
R2 | 238.35 | 0.593 % | ||
R1 | 237.53 | 0.246 % | ||
Current price: | 236.95 | |||
Support | S1 | 234.87 | -0.88 % | |
S2 | 234.05 | -1.22 % | ||
S3 | 232.72 | -1.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 250.04 | 5.52 % | |
R2 | 240.30 | 1.41 % | ||
R1 | 240.02 | 1.30 % | ||
Current price | 236.95 | |||
Support | S1 | 236.26 | -0.291% | |
S2 | 233.03 | -1.65% | ||
S3 | 232.16 | -2.02% |
AJG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 24, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.600 | 0.237% |
2 | Oct 25, 2023 | Dec 01, 2023 | Dec 15, 2023 | $0.550 | 0.247% |
3 | Oct 25, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.550 | 0.247% |
4 | Jul 26, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.550 | 0.239% |
5 | Apr 26, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.550 | 0.257% |
FAQ
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