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Apr 29, 2023

Aon plc (AON, $323.43) is expected to report earnings to rise 36.50% to $5.31 per share on April 28

Technical Analysis: AON's 10-Day RSI Indicator Signals Potential Downtrend

AON, a leading provider of risk management, insurance, and reinsurance brokerage, recently saw its 10-day Relative Strength Index (RSI) indicator move out of the overbought zone on April 25, 2023. This suggests that the stock's price may be shifting from an upward trend to a downward trend, which could be a signal for traders to sell or consider buying put options.

To support this analysis, Tickeron's A.I.dvisor tool was used to examine 47 instances where the 10-day RSI for AON moved out of the overbought zone. The results revealed that in 25 of those cases, the stock moved lower in the days that followed. This puts the odds of a move down at 53%, providing further evidence for a potential downtrend in the stock's price.

Earnings Analysis: AON's Strong Earnings Beat Estimates

In terms of AON's recent earnings report, the company beat the earnings per share (EPS) estimate of $3.67, reporting EPS of $3.89 for the quarter ending February 03. With 39.25K shares outstanding, AON's current market capitalization sits at 67.16B, indicating a strong financial position.

Despite the positive earnings report, technical analysis suggests that traders may want to be cautious about holding onto AON stock at this time. While past performance is not a guarantee of future results, the historical data analyzed by Tickeron's A.I.dvisor tool suggests that there is a higher probability of the stock moving down in the days that follow a move out of the overbought zone.

In conclusion, traders may want to consider selling AON stock or buying put options as the 10-day RSI indicator signals a potential downtrend in the stock's price. However, it's important to keep in mind that this is not a guarantee, and careful analysis of market trends and news should be considered before making any trading decisions.

Related Ticker: AON

Momentum Indicator for AON turns positive, indicating new upward trend

AON saw its Momentum Indicator move above the 0 level on July 10, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned positive. In of the 81 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for AON just turned positive on July 11, 2024. Looking at past instances where AON's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

AON moved above its 50-day moving average on June 27, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AON crossed bullishly above the 50-day moving average on June 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AON advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 320 cases where AON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for AON moved out of overbought territory on June 18, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AON broke above its upper Bollinger Band on June 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 78%.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. AON’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: AON's P/B Ratio (957.781) is very high in comparison to the industry average of (72.373). P/E Ratio (26.346) is within average values for comparable stocks, (27.283). Projected Growth (PEG Ratio) (1.630) is also within normal values, averaging (2.037). Dividend Yield (0.007) settles around the average of (0.019) among similar stocks. P/S Ratio (5.051) is also within normal values, averaging (2.749).

Notable companies

The most notable companies in this group are eHealth (NASDAQ:EHTH).

Industry description

Insurance brokers sell, solicit, or negotiate insurance for compensation. General insurance brokers mostly cater to insurances on car, house etc. (versus life). Brokers are also often instrumental in helping small employers find health insurance, particularly in more competitive markets. Additionally, brokers may also provide risk assessments, insurance consulting services, insurance-related regulatory and legislative update services. Some of the major names in this industry include Marsh & McLennan Companies, Inc., Aon plc and Verisk Analytics Inc.

Market Cap

The average market capitalization across the Insurance Brokers/Services Industry is 21.46B. The market cap for tickers in the group ranges from 419.6K to 100.63B. MMC holds the highest valuation in this group at 100.63B. The lowest valued company is ARGQD at 419.6K.

High and low price notable news

The average weekly price growth across all stocks in the Insurance Brokers/Services Industry was 4%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 8%. SLQT experienced the highest price growth at 23%, while TIRX experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Insurance Brokers/Services Industry was -0%. For the same stocks of the Industry, the average monthly volume growth was 33% and the average quarterly volume growth was -14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 74
P/E Growth Rating: 66
Price Growth Rating: 48
SMR Rating: 58
Profit Risk Rating: 59
Seasonality Score: 5 (-100 ... +100)
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General Information

a provider of insurance brokerage, risk management and human capital consulting services

Industry InsuranceBrokersServices

Profile
Fundamentals
Details
Industry
Insurance Brokers Or Services
Address
James Joyce Street
Phone
+353 12666000
Employees
50000
Web
https://www.aon.com
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