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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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- 4/1/2021 -
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Advance Auto Parts (AAP)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBullish Piercing Line CandlestickTrend support at 185.90
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It was the negative week for the Advance Auto Parts (AAP). During the week, the AAP gave back -1.36 points, or -0.73%, and closed at 185.96 on Thursday, April 1, 2021. It was the worst weekly loss since February 26, 2021. Weekly volume was -19% below average.

AAP is a member of Consumer Discretionary Sector. Consumer Discretionary is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AAP long-term trend chart]
A long-term uptrend had started on September 24, 2020 at 142.46 and reached 187.91 on March 29, 2021. AAP gained -45.45 points, or -31.90%, in 26 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 143.45 and resistance is at 195.62. 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 January 27, 2021 at 143.15 and reached 187.91 on March 29, 2021. AAP gained -44.76 points, or -31.27%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 184.72 and resistance is at 195.48. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AAP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 26, 2021. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AAP short-term trend chart]
A short-term uptrend had started on February 26, 2021 at 159.93 and reached 187.91 on March 29, 2021. AAP gained -27.98 points, or -17.50%, in 31 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (185.90) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Candlestick pattern: [See AAP candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.70
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 74.43
Bearish
Greed/Fear Indicator (GFI) 71.17
Moving Average Converg./Diverg. (MACD) 5.21 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.15
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 86.02
Overbought
Greed/Fear Indicator (GFI) 77.94
Moving Average Converg./Diverg. (MACD) 5.29
Trading Signals
Description Value Chart
Weekly Trendline Resistance 195.80
Quarterly Trendline Resistance 195.62
Monthly Trendline Resistance 195.48
Upper Bollinger Band 189.23
Parabolic System 187.73
Price 185.96
Weekly Trendline Support 185.90
Weekly Stochastic Crossing 185.19
Daily Stochastic Crossing 185.15
Monthly Trendline Support 184.72
20 Day Moving Average 181.01
Lower Bollinger Band 170.52
50 Day Moving Average 168.27
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 9
Industry Automotive Retail 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 179.03
Low Date 03/23/2021
High 187.91
High Date 03/29/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 195.80
Support 185.90
Low 159.93
Low Date 02/26/2021
High 187.91
High Date 03/29/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 195.48
Support 184.72
Low 143.15
Low Date 01/27/2021
High 187.91
High Date 03/29/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 195.62
Support 143.45
Low 142.46
Low Date 09/24/2020
High 187.91
High Date 03/29/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.33
Low Date 03/23/2020
High 187.91
High Date 03/29/2021
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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