The Greedy Trader Weekly Analysis
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AutoNation, Inc.
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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the AutoNation, Inc. (AN). During the week, the AN gained 1.26 points, or 3.39%, and closed at 38.46 on Friday, February 1, 2019. Weekly volume was -12% below average.

AN is a member of Services Sector. Services is the second most oversold 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 AN long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 62.02 and reached 32.87 on December 26, 2018. AN lost 29.15 points, or 47.00%, in 47 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (31.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AN may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See AN medium-term trend chart]
A medium-term downtrend had started on June 22, 2018 at 51.99 and reached 32.87 on December 26, 2018. AN lost 19.12 points, or 36.78%, in 26 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (30.61) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AN may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 11, 2019. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AN short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 32.87 and reached 38.88 on January 31, 2019. AN gained -6.01 points, or -18.28%, in 36 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.16 and resistance is at 39.23. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish 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 link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since December 19, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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 above the upper Bollinger Band. It is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.60
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 75.25
Greed/Fear Indicator (GFI) 75.39
Moving Average Converg./Diverg. (MACD) 0.39 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.11
Williams' Percentage Range (W%R) 53.40
Lane's Stochastic (%D-Slow) 57.27
Greed/Fear Indicator (GFI) 50.07
Moving Average Converg./Diverg. (MACD) -2.76
Trading Signals
Description Value Chart
Weekly Trendline Resistance 39.23
Price 38.46
Upper Bollinger Band 38.39
Daily Stochastic Crossing 38.18
Monthly Trendline Resistance 37.51
20 Day Moving Average 37.26
Quarterly Trendline Resistance 36.95
Weekly Stochastic Crossing 36.81
Weekly Trendline Support 36.16
Parabolic System 36.14
50 Day Moving Average 36.14
Lower Bollinger Band 35.86
Quarterly Trendline Support 31.34
Sector and Industry
Description Name Rank
Sector Services 2
Industry Auto Dealerships 37
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.94
Low Date 01/23/2019
High 38.88
High Date 01/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 39.23
Support 36.16
Low 32.87
Low Date 12/26/2018
High 38.88
High Date 01/31/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 37.51
Support 30.61
High 51.99
High Date 06/22/2018
Low 32.87
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 36.95
Support 31.34
High 62.02
High Date 01/26/2018
Low 32.87
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.50
High Date 04/22/2015
Low 32.87
Low Date 12/26/2018
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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