Fri 21'st Apr 2017
Arthur J Gallagher & Co Stock Analysis
Technical stock analysis for Fri 21'st Apr 2017
Hold candidate since 2017-04-21
Arthur J Gallagher & Co lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 55.23 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.4% during the next 3 months and, with 90% probability hold a price between USD 57.66 and USD 61.82 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 13, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Arthur J Gallagher & Co holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 55.90 and USD 56.39. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Arthur J Gallagher & Co finds support from accumulated volume at USD 54.62, USD 53.87, and USD 53.79. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 56.93, USD 56.86 and USD 56.25.
The stock is about to test the resistance from accumulated volume at USD 56.93 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 0.76 (1.37%) between high and low. For the last week, the stock has had a daily average volatility of 1.44%.
Our recommended stoploss: USD 52.16 (-6.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)