Help us make better tools for you!. Read more (Published: 2017-01-12)

AJG - Arthur J Gallagher & Co Tue 24'th Jan 2017

Industry: Insurance Brokers Sector: Financial
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Strong Buy Candidate

Score: 5.90

#410 of 5186
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 81.82%
Risk: Low
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Stock analysis for Tue 24'th Jan 2017 (Updated daily)

Buy candidate since 2017-01-24

Arthur J Gallagher & Co Stock Analysis


Arthur J Gallagher & Co gained 0.93% in the last trading day, rising from USD 52.74 to USD 53.23. The price has risen in 7 of the last 10 days days and is up by 1.58% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 154 557 more shares were traded than the day before. In total, 875 611 shares bought and sold for approximately USD 46.61 million.

Trend

Arthur J Gallagher & Co lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.9% during the next 3 months and, with 90% probability hold a price between USD 56.07 and USD 60.61 at the end of this period.

Signals

Only positive signals in the chart today. Arthur J Gallagher & Co holds buy signals from both short- and long-term moving averages. In addition, 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 USD 52.83 and USD 51.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday December 28, 2016, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Support & Resistance

Arthur J Gallagher & Co finds support from accumulated volume at USD 51.55, USD 50.44, and USD 49.82. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.65 (1.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.28%.

Our recommended stoploss: USD 50.47 (-5.19%) ( criteria: risk and closeness to support from trendline.)

Evaluation

Arthur J Gallagher & Co holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at current levels and are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Strong Buy Candidate


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