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AJG ends the day indecisive


Technical Analysis Report for AJG - Apr 16, 2018 [< 1 min read]
Highlights
AJG pushes through 50-day moving average
AJG pushes through previous session high
AJG rises to highest close since March 21st
AJG ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

AJG ended Monday at 69.28 gaining $0.83 (1.21%) on low volume. Today's closing price of 69.28 marks the highest close since March 21st. Closing above Friday's high at 69.23, Arthur J. confirms its breakout through the prior session's high having traded $0.65 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for AJG
Volatility

Monday's trading range was $1.03 (1.49%), that's slightly below last trading month's daily average range of $1.29. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 68.83. Prices are trading close to the key resistance level at 70.07.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The share managed to break above the 50-day moving average at 68.49 today for the first time since April 12th.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bullish Break through SMA 50 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

AJG breaks key support level

Apr 24, 2018
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