The Greedy Trader Weekly Analysis
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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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- 3/20/2020 -
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Advance Auto Parts (AAP)

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Summary:
Weekly :Broken trend support line - Downtrend exhaustionBroken trend support line - Downtrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergence
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic are oversoldThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe Bollinger Bands are historically far apart
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It was the negative week for the Advance Auto Parts (AAP). During the week, the AAP dropped -38.66 points, or -34.00%, and closed at 75.03 on Friday, March 20, 2020. AAP was trading at average weekly trading volume.

Long-term trend: [See AAP long-term trend chart]
A long-term downtrend had started on November 14, 2018 at 186.15 and reached 73.74 on March 20, 2020. AAP lost 112.41 points, or 60.39%, in 70 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (112.61) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See AAP medium-term trend chart]
A medium-term downtrend had started on November 11, 2019 at 171.43 and reached 73.74 on March 20, 2020. AAP lost 97.69 points, or 56.99%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (116.23) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See AAP weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 3, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AAP short-term trend chart]
A short-term downtrend had started on March 10, 2020 at 137.35 and reached 73.74 on March 20, 2020. AAP lost 63.61 points, or 46.31%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since March 10, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (103.37%) is close to one year high (29.55%). It is 755.33% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.64
Williams' Percentage Range (W%R) 81.00
Oversold
Lane's Stochastic (%D-Slow) 10.42
Oversold
Greed/Fear Indicator (GFI) 16.69
Oversold
Moving Average Converg./Diverg. (MACD) -8.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.69
Oversold
Williams' Percentage Range (W%R) 86.90
Oversold
Lane's Stochastic (%D-Slow) 17.97
Oversold Bullish
Greed/Fear Indicator (GFI) 19.55
Oversold
Moving Average Converg./Diverg. (MACD) -4.98
Trading Signals
Description Value Chart
Upper Bollinger Band 152.75
50 Day Moving Average 132.18
20 Day Moving Average 119.47
Parabolic System 111.34
Weekly Stochastic Crossing 85.16
Daily Stochastic Crossing 80.97
Lower Bollinger Band 75.19
Price 75.03
Sector and Industry
Description Name Rank
Sector Services 6
Industry Auto Parts Stores 34
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 137.35
High Date 03/10/2020
Low 73.74
Low Date 03/20/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 150.66
High Date 02/18/2020
Low 73.74
Low Date 03/20/2020
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 133.48
Support 116.23
High 171.43
High Date 11/11/2019
Low 73.74
Low Date 03/20/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 166.74
Support 112.61
High 186.15
High Date 11/14/2018
Low 73.74
Low Date 03/20/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.81
Low Date 11/08/2017
High 186.15
High Date 11/14/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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