The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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LKQ Corporation
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversoldTrend resistance at 12.24
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldMACD bullish divergence
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It was the negative week for the LKQ Corporation (LKQ). During the week, the LKQ dropped -1.63 points, or -5.15%, and closed at 30.04 on Friday, October 05, 2018. It was the worst weekly loss since April 27, 2018. Weekly volume was 38% 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 price is near the trend resistance line (12.24). 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 long-term trend.

Medium-term trend: [See LKQ medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 43.86 and reached 29.60 on April 26, 2018. LKQ lost 14.26 points, or 32.51%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (33.73) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See LKQ short-term trend chart]
A short-term downtrend had started on July 26, 2018 at 36.10 and reached 29.89 on October 5, 2018. LKQ lost 6.21 points, or 17.20%, in 71 days. Price is near the trend low.

Daily Technical Indicators: [See LKQ daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Daily MACD has bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since September 6, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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) 26.74
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 5.54
Strong Oversold
Greed/Fear Indicator (GFI) 15.34
Oversold
Moving Average Converg./Diverg. (MACD) -0.53 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.00
Williams' Percentage Range (W%R) 88.50
Oversold
Lane's Stochastic (%D-Slow) 18.53
Oversold
Greed/Fear Indicator (GFI) 24.30
Moving Average Converg./Diverg. (MACD) -0.90
Trading Signals
Description Value Chart
Monthly Trendline Support 33.73
Upper Bollinger Band 33.66
Monthly Trendline Resistance 33.05
50 Day Moving Average 33.00
Parabolic System 32.21
20 Day Moving Average 32.02
Yearly Trendline Support 30.99
Weekly Stochastic Crossing 30.38
Lower Bollinger Band 30.14
Price 30.04
Daily Stochastic Crossing 29.97
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Auto Parts 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.10
High Date 07/26/2018
Low 29.89
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.60
Low Date 04/26/2018
High 36.10
High Date 07/26/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 33.05
Support 33.73
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 Uptrend
Status
Resistance
Support
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 Test Resistance
Resistance 12.24
Support 30.99
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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