Arthur J Gallagher & Co Stock Forecast

Stronger technical forecast for Arthur J Gallagher & Co stock price after Wednesday trading.
(Updated on Apr 24, 2024)

AJG Signals & Forecast

There are mixed signals in the stock today. The Arthur J Gallagher & Co stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $244.89. On a fall, the stock will find some support from the short-term average at $234.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.73%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the long-term chart.

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

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

Arthur J Gallagher & Co finds support from accumulated volume at $236.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.43 (1.03%) between high and low. For the last week, the stock has had daily average volatility of 1.08%.

Our recommended stop-loss: $226.58 (-4.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (AJG) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Arthur J Gallagher & Co to open at $236.79, and during the day (based on 14 day Average True Range), to move between $233.31 and $240.31, which gives a possible trading interval of +/-$3.50 (+/-1.48%) 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 2.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $236.26 (0.23%) than the resistance at $237.75 (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Arthur J Gallagher & Co stock A Buy?

Several short-term signals, along with a general good trend, are positive and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.136 Buy Candidate Upgraded

Predicted Opening Price for Arthur J Gallagher & Co of Thursday, April 25, 2024

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