ARTHUR J. GALLAGHER & CO. - 1H - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 251.62 USD
My targets
255.60 USD (+0.81%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 251.62 USD remains possible. It is advisable to trade ARTHUR J. GALLAGHER & CO. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 251.62 USD. The next bullish objective for buyers is set at 255.60 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 251.62 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARTHUR J. GALLAGHER & CO. rating 253.55 USD. On the day, this instrument lost -0.06% and was between 253.49 USD and 255.14 USD. This implies that the price is at +0.02% from its lowest and at -0.62% from its highest.253.49
255.14
253.55
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ARTHUR J. GALLAGHER & CO.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ARTHUR J. GALLAGHER & CO. indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 241.31 | 245.69 | 251.62 | 253.55 | 255.60 |
| Change (%) | -4.83% | -3.10% | -0.76% | - | +0.81% |
| Change | -12.24 | -7.86 | -1.93 | - | +2.05 |
| Level | Major | Minor | Major | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 246.31 | 248.46 | 251.08 | 253.23 | 255.85 | 258.00 | 260.62 |
| Camarilla | 252.38 | 252.82 | 253.25 | 253.69 | 254.13 | 254.57 | 255.00 |
| Woodie | 246.54 | 248.58 | 251.31 | 253.35 | 256.08 | 258.12 | 260.85 |
| Fibonacci | 248.46 | 250.29 | 251.41 | 253.23 | 255.06 | 256.18 | 258.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 244.65 | 247.37 | 250.27 | 252.99 | 255.89 | 258.61 | 261.51 |
| Camarilla | 251.63 | 252.14 | 252.66 | 253.17 | 253.69 | 254.20 | 254.72 |
| Woodie | 244.74 | 247.42 | 250.36 | 253.04 | 255.98 | 258.66 | 261.60 |
| Fibonacci | 247.37 | 249.52 | 250.84 | 252.99 | 255.14 | 256.46 | 258.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.15 | 220.01 | 231.97 | 238.83 | 250.79 | 257.65 | 269.61 |
| Camarilla | 238.76 | 240.48 | 242.21 | 243.93 | 245.66 | 247.38 | 249.11 |
| Woodie | 215.70 | 221.29 | 234.52 | 240.11 | 253.34 | 258.93 | 272.16 |
| Fibonacci | 220.01 | 227.20 | 231.64 | 238.83 | 246.02 | 250.46 | 257.65 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.31 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | -10.77 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 254.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 250.99 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 251.78 | |
| Zig ZAG (10): | 253.75 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 70.95 | |
| TEMA (21): | 254.00 | |
| Williams %R (14): | -37.96 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.17 |
| MA7: | 254.06 | |
| MA20: | 248.16 | |
| MA50: | 239.98 | |
| MA100: | 238.45 | |
| MAexp7: | 254.17 | |
| MAexp20: | 254.14 | |
| MAexp50: | 252.84 | |
| MAexp100: | 249.94 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +2.17% | |
| Price / MA50: | +5.65% | |
| Price / MA100: | +6.33% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +1.44% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ARTHUR J. GALLAGHER & CO.. At the time of publication of this analysis, the latest news was as follows:
- Arthur J. Gallagher & Co. To Host Regularly Scheduled Quarterly Investor Meeting With Management
- Arthur J. Gallagher & Co. Acquires Simply-Communicate Ltd
- Arthur J. Gallagher & Co. Acquires The John Galt Insurance Agency
- Arthur J. Gallagher & Co. Acquires FarmPLUS Insurance Services
- Arthur J. Gallagher & Co. Acquires Ericson Insurance Advisors
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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