US stock / ETF

Arthur J. Gallagher & Co.

AJG · NYSE · USD

4 hoursRange53%
4h Range probability 94%Range

AJG 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $246.6 - $261.23 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBearish
Momentum soft

RSI 54.0, MACD -0.677

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.38 (1.33%)

4h

EMA Structure

Bullish
EMA 8$254.05Bearish
EMA 21$253.09Bullish
EMA 50$245.94Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.0 · MACD -0.677

Neutral zone

Strength
Bearish
Volatility
ATR $3.38 · BB 5.00%

Low volatility

Strength
Bullish
Volume
MFI 37.8 · OBV -1.69%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$246.6 - $261.23

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.22% · 3.2 ATR above latest close

$264.61
Nearest resistance

+2.89% · 2.2 ATR above · 34-bar high

$261.23
Current price

Price shown is delayed

$253.9
Nearest support

-2.88% · 2.2 ATR below · 34-bar low

$246.6
Deeper support zone

-4.21% · 3.2 ATR below latest close

$243.22
ATR zone

Latest close ± ATR14

$250.52 - $257.28

Indicators

Trend

Dow Theory Structure

Confirmation $259.59, invalidation $246.6

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

13.7 / 28.7 / 39.2Bearish
Supertrend (10,3)

Price is above Supertrend

$243.43Bullish
Ichimoku Cloud

Cloud Span A / Span B

$253.51 / $239.52Bullish
Donchian Channel (20)

20-period breakout channel position

50%Range

Volatility

ATR (14)

Low volatility

$3.38 (1.33%)Bullish
Bollinger Bands (20,2)

Width 5.00%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$260.22 / $246.27Bullish
ATR channel lower / upper

Current Volatility Envelope

$250.52 / $257.28Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$261.23Range
Support

Nearest Downside Decision Level

$246.6Range

Momentum

RSI (14)

Neutral zone

54.0Range
MACD (12,26,9)

Histogram is negative

-0.677Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.9 / 55.0Bearish
Williams %R (14)

Neutral zone

-50.1Range
CCI (20)

Balanced zone

-15.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

37.8Bearish
OBV slope

20-period OBV slope

-1.69%Bearish
Volume ratio

Relative to 20-period average volume

1.25xBullish

Trend

Dow Theory Structure

Confirmation $259.59, invalidation $246.6

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

13.7 / 28.7 / 39.2Bearish
Supertrend (10,3)

Price is above Supertrend

$243.43Bullish
Ichimoku Cloud

Cloud Span A / Span B

$253.51 / $239.52Bullish
Donchian Channel (20)

20-period breakout channel position

50%Range

Momentum

RSI (14)

Neutral zone

54.0Range
MACD (12,26,9)

Histogram is negative

-0.677Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.9 / 55.0Bearish
Williams %R (14)

Neutral zone

-50.1Range
CCI (20)

Balanced zone

-15.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$3.38 (1.33%)Bullish
Bollinger Bands (20,2)

Width 5.00%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$260.22 / $246.27Bullish
ATR channel lower / upper

Current Volatility Envelope

$250.52 / $257.28Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

37.8Bearish
OBV slope

20-period OBV slope

-1.69%Bearish
Volume ratio

Relative to 20-period average volume

1.25xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$261.23Range
Support

Nearest Downside Decision Level

$246.6Range

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