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Archive
- 6/8/2018
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LKQ Corporation
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Summary:
Weekly :Oversold sectorBroken trend resistance lineLane's Stochastic is oversold
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fifth consecutive positive week for the LKQ Corporation (LKQ). During the week, the LKQ gained 0.66 points, or 2.07%, and closed at 32.59 on Friday, June 08, 2018. Weekly volume was 43% above average.

LKQ is a member of Consumer Goods Sector. Consumer Goods 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 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 (30.24) 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 30.26 and resistance is at 45.27. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since February 9, 2018. 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 32.80 on June 6, 2018. LKQ gained -3.20 points, or -10.81%, in 41 days. The price is now at the 6.56% retracement level.

Daily Technical Indicators: [See LKQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since May 14, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.69
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 92.52
Strong Overbought
Greed/Fear Indicator (GFI) 86.29
Overbought
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.35
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 13.76
Oversold
Greed/Fear Indicator (GFI) 24.43
Moving Average Converg./Diverg. (MACD) -0.84
Trading Signals
Description Value Chart
Upper Bollinger Band 33.76
50 Day Moving Average 33.69
Daily Stochastic Crossing 32.64
Price 32.59
Parabolic System 31.93
20 Day Moving Average 31.13
Weekly Stochastic Crossing 31.12
Quarterly Trendline Support 30.26
Yearly Trendline Support 30.24
Lower Bollinger Band 29.91
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Auto Parts 55
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 29.65
Low Date 05/23/2018
High 32.80
High Date 06/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.60
Low Date 04/26/2018
High 32.80
High Date 06/06/2018
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 45.27
Support 30.26
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 13.75
Support 30.24
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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