AJG - Arthur J Gallagher & Co

Industry: Insurance Brokers Sector: Financial | Exchange: NYSE

Hold/Accumulate
Buy Score Rank #2688 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
-0.73%
PRICE
$58.67
VOLUME
Buy
TREND

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
Request Prediction
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Arthur J Gallagher & Co Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Hold candidate since 2017-07-25 Loss -0.73%

Arthur J Gallagher & Co fell by -0.73% in the last day from $59.10 to $58.67 The price has risen in 8 of the last 10 days and is up by 3.17% over the past 2 weeks. Volume has increased in the last day by 220 228 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 652 201 shares bought and sold for approximately $38.26 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 5.19% during the next 3 months and, with 90% probability hold a price between $60.14 and $63.39 at the end of this period.

Signals

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 $58.40 and $57.74. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday July 25, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

The stock had a Golden Star Signal* on Thursday June 29, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Support & Resistance

Arthur J Gallagher & Co finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $58.81, $58.97 and $59.01.

The stock is about to test the resistance from accumulated volume at $58.81 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $57.46 Price: $58.67 Resistance: $58.81
S: $57.46 Price: $58.67 R: $58.81

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 $0.62 (1.06%) between high and low. For the last week, the stock has had a daily average volatility of 0.98%.

Our recommended stoploss: $56.27 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Arthur J Gallagher & Co holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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