$199.67 (0.554%)

Volume: 461.427k

Closed: Dec 01, 2022

Hollow Logo Score: 5.713

Arthur J Gallagher & Co Stock Forecast

$199.67 (0.554%)

Volume: 461.427k

Closed: Dec 01, 2022

Score Hollow Logo 5.713
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ]
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Arthur J Gallagher & Co stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Dec 01, 2022)

Buy candidate since 2022-11-30 Gain 0.55% PDF

The Arthur J Gallagher & Co stock price gained 0.554% on the last trading day (Thursday, 1st Dec 2022), rising from $198.57 to $199.67. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.32% from a day low at $198.14 to a day high of $200.76. The price has risen in 6 of the last 10 days and is up by 5.16% over the past 2 weeks. Volume fell on the last day by -838 thousand shares and in total, 461 thousand shares were bought and sold for approximately $92.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $193.51, a level that may pose a second chance to hit a runner. According to fan-theory $206.97 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

AJG Signals & Forecast

The Arthur J Gallagher & Co stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $197.80 and $186.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 17.20%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for Arthur J Gallagher & Co stock

On the downside, the stock finds support just below today's level from accumulated volume at $185.10 and $179.45. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Arthur J Gallagher & Co finds support just below today's level at $185.10. If this is broken, then the next support from accumulated volume will be at $179.45 and $171.22.

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 $2.62 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 1.49%.

Our recommended stop-loss: $193.16 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (AJG) For The Upcoming Trading Day Of Friday 2nd

For the upcoming trading day on Friday, 2nd we expect Arthur J Gallagher & Co to open at $199.52, and during the day (based on 14 day Average True Range), to move between $195.94 and $203.39, which gives a possible trading interval of +/-$3.73 (+/-1.87%) 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 3.73% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $14.57 (7.29%) our system find the risk reward attractive.

Is Arthur J Gallagher & Co stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.713 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for Arthur J Gallagher & Co of Friday, December 2, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 2, 2022 Current price
$199.52 $199.67 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 202.14 1.24 %
201.14 0.739 %
200.52 0.429 %
Current price: 199.67
Support 198.52 -0.573 %
197.90 -0.88 %
196.90 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 199.67
Support 185.10 -7.29%
179.45 -10.12%
171.22 -14.25%

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About Arthur J Gallagher & Co

Arthur J Gallagher & Co Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments. The Brokerage segment consists of retail and wholesale insurance brokerage operations; assists retail brokers and other n... AJG Profile

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