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Price vs. Parabolic:Crossover
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Parabolic SAR Crossover - Stock market timing signals.
The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.
parabolic sar,Parabolic SAR Crossover,stock market timing signals

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- 1/15/2021 -
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Advance Auto Parts (AAP)

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Summary:
Weekly :
Daily :A Parabolic SAR indicator is above and near the price
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It was the negative week for the Advance Auto Parts (AAP). During the week, the AAP dropped -4.81 points, or -2.83%, and closed at 165.25 on Friday, January 15, 2021. It was the worst weekly loss since November 20, 2020. AAP was trading at average weekly trading volume.

Long-term trend: [See AAP long-term trend chart]
A long-term uptrend had started on September 24, 2020 at 142.46 and reached 177.92 on January 12, 2021. AAP gained -35.46 points, or -24.89%, in 15 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 143.55 and resistance is at 170.41. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AAP medium-term trend chart]
A medium-term uptrend had started on November 23, 2020 at 142.59 and reached 177.92 on January 12, 2021. AAP gained -35.33 points, or -24.78%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 158.88 and resistance is at 180.64. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 December 31, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 January 12, 2021 at 177.92 and reached 164.94 on January 15, 2021. AAP lost 12.98 points, or 7.30%, in 3 days. Price is near the trend low.

Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since January 5, 2021. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (164.78) comes close to the price (165.25). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.38
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 71.11
Greed/Fear Indicator (GFI) 60.30
Moving Average Converg./Diverg. (MACD) 3.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.53
Williams' Percentage Range (W%R) 29.70
Lane's Stochastic (%D-Slow) 79.26
Greed/Fear Indicator (GFI) 68.25
Moving Average Converg./Diverg. (MACD) 3.91
Trading Signals
Description Value Chart
Monthly Trendline Resistance 180.64
Upper Bollinger Band 175.55
Daily Stochastic Crossing 171.23
Weekly Stochastic Crossing 170.89
Quarterly Trendline Resistance 170.41
Price 165.25
Parabolic System 164.78
20 Day Moving Average 163.14
Monthly Trendline Support 158.88
50 Day Moving Average 157.02
Lower Bollinger Band 152.12
Quarterly Trendline Support 143.55
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Automotive Retail 54
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 177.92
High Date 01/12/2021
Low 164.94
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 177.92
High Date 01/12/2021
Low 164.94
Low Date 01/15/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 180.64
Support 158.88
Low 142.59
Low Date 11/23/2020
High 177.92
High Date 01/12/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 170.41
Support 143.55
Low 142.46
Low Date 09/24/2020
High 177.92
High Date 01/12/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.33
Low Date 03/23/2020
High 177.92
High Date 01/12/2021
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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