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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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Archive
- 4/13/2018
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Advance Auto Parts
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Summary:
Weekly :Broken trend support line
Daily :The price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic is oversold
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It was the negative week for the Advance Auto Parts (AAP). During the week, the AAP dropped -5.30 points, or -4.74%, and closed at 106.61 on Friday, April 13, 2018. Weekly volume was -44% below average.

Long-term trend: [See AAP long-term trend chart]
A long-term downtrend had started on November 6, 2015 at 201.24 and reached 78.81 on November 8, 2017. AAP lost 122.43 points, or 60.84%, in 104 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 76.64 and resistance is at 138.49. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See AAP medium-term trend chart]
A medium-term uptrend had started on November 8, 2017 at 78.81 and reached 123.90 on January 26, 2018. AAP gained -45.09 points, or -57.21%, in 11 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (120.08) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AAP may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since November 10, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 13, 2018 at 120.10 and reached 105.39 on April 13, 2018. AAP lost 14.71 points, or 12.25%, in 31 days. The price is now at the 8.29% retracement level.

Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 16, 2018. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 43.43
Williams' Percentage Range (W%R) 59.00
Lane's Stochastic (%D-Slow) 17.92
Oversold
Greed/Fear Indicator (GFI) 34.11
Moving Average Converg./Diverg. (MACD) -0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.84
Williams' Percentage Range (W%R) 35.80
Lane's Stochastic (%D-Slow) 55.65
Greed/Fear Indicator (GFI) 55.45
Moving Average Converg./Diverg. (MACD) 1.30
Trading Signals
Description Value Chart
Quarterly Trendline Support 120.08
Upper Bollinger Band 118.36
Quarterly Trendline Resistance 117.40
Parabolic System 115.82
50 Day Moving Average 113.31
20 Day Moving Average 113.30
Weekly Stochastic Crossing 112.18
Daily Stochastic Crossing 107.57
Lower Bollinger Band 107.22
Price 106.61
Sector and Industry
Description Name Rank
Sector Services 5
Industry Auto Parts Stores 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 119.42
High Date 03/28/2018
Low 105.39
Low Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.10
High Date 03/13/2018
Low 105.39
Low Date 04/13/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.90
High Date 01/26/2018
Low 103.34
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 117.40
Support 120.08
Low 78.81
Low Date 11/08/2017
High 123.90
High Date 01/26/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 138.49
Support 76.64
High 201.24
High Date 11/06/2015
Low 78.81
Low Date 11/08/2017
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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