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Advanced TA SearchArchive
- 4/5/2024 -
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Genuine Parts (GPC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Genuine Parts (GPC). During the week, the GPC dropped -4.94 points, or -3.19%, and closed at 149.99 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was -20% below average.
 Long-term trend: [See GPC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 24.93 and reached 187.73 on December 2, 2022. GPC gained -162.80 points, or -653.03%, in 716 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 138.25 and resistance is at 200.94. 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 long-term trend.
 Medium-term trend: [See GPC medium-term trend chart]
A medium-term downtrend had started on December 2, 2022 at 187.73 and reached 126.35 on October 30, 2023. GPC lost 61.38 points, or 32.70%, in 47 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (149.41). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since December 15, 2023. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See GPC short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 155.91 and reached 148.79 on April 4, 2024. GPC lost 7.12 points, or 4.57%, in 7 days. The price is now at the 16.85% retracement level.
 Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 22, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
 Candlestick pattern: [See GPC candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.
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