AJG - Arthur J Gallagher & Co

Industry: Insurance Brokers Sector: Financial

Hold/Accumulate
Fri 21'st Apr 2017

VOLUME
Sell
TREND
Buy
MV LONG
Sell
MV SHORT
Sell
PIVOT
Buy
MACD
Buy
Request Prediction
0.00%
We need your help. Please answer this short survey to help us improve by clicking HERE.

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 fell by -1.14% in the last day, from USD 56.25 to USD 55.61 The price has fallen in 7 of the last 10 days and is down by -1.4% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day, the trading volume fell by -1 242 445 shares and in total, 767 812 shares bought and sold for approximately USD 42.70 million.

Trend

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.

Signals

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.

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 0.76 (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.)

Evaluation

Arthur J Gallagher & Co holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Hold/Accumulate

Feeling LOST?

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training

Feeling LOST?

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training

Build Your Watchlist

Add AJG My Watchlist

Recommended
book of the week