The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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LKQ Corporation
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved above oversold areaThe period of low volatility of the stock price
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It was a first positive week for the LKQ Corporation (LKQ). During the week, the LKQ climbed 0.31 points, or 0.93%, and closed at 33.75 on Friday, August 10, 2018. LKQ was trading at average weekly trading volume.

Long-term trend: [See LKQ long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 8.70 and reached 43.86 on January 29, 2018. LKQ gained -35.16 points, or -404.14%, in 479 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (30.63) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 LKQ medium-term trend chart]
A medium-term uptrend had started on February 26, 2015 at 22.90 and reached 43.86 on January 29, 2018. LKQ gained -20.96 points, or -91.53%, in 152 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.67 and resistance is at 46.09. 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 medium-term trend.

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

The weekly MACD line is above its signal line since July 20, 2018. 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 LKQ short-term trend chart]
A short-term uptrend had started on April 26, 2018 at 29.60 and reached 36.10 on July 26, 2018. LKQ gained -6.50 points, or -21.96%, in 91 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 32.25 and resistance is at 37.14. 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 LKQ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 Lane's Stochastic help.

The daily MACD line is below its signal line since July 30, 2018. The distance between MACD and the signal line is low and getting smaller.

The distance between the Bollinger Bands is falling, and it was 4.98% on Friday. It is 50.14% lower than one year average. It indicates the period of low volatility of the stock price. 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) 45.98
Williams' Percentage Range (W%R) 66.50
Lane's Stochastic (%D-Slow) 49.11
Greed/Fear Indicator (GFI) 42.87
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.38
Williams' Percentage Range (W%R) 58.50
Lane's Stochastic (%D-Slow) 71.70
Greed/Fear Indicator (GFI) 57.06
Moving Average Converg./Diverg. (MACD) -1.32
Trading Signals
Description Value Chart
Weekly Trendline Resistance 37.14
Parabolic System 35.02
Weekly Stochastic Crossing 34.63
Upper Bollinger Band 34.40
20 Day Moving Average 33.76
Price 33.75
Daily Stochastic Crossing 33.72
50 Day Moving Average 33.03
Lower Bollinger Band 32.73
Weekly Trendline Support 32.25
Quarterly Trendline Support 30.67
Yearly Trendline Support 30.63
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Auto Parts 40
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.10
High Date 07/26/2018
Low 32.70
Low Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 37.14
Support 32.25
Low 29.60
Low Date 04/26/2018
High 36.10
High Date 07/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.86
High Date 01/29/2018
Low 29.60
Low Date 04/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 46.09
Support 30.67
Low 22.90
Low Date 02/26/2015
High 43.86
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 12.95
Support 30.63
Low 8.70
Low Date 11/21/2008
High 43.86
High Date 01/29/2018
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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