The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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LKQ Corporation
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal line
Move cursor over the icon to see details.

It was the negative week for the LKQ Corporation (LKQ). During the week, the LKQ dropped -1.47 points, or -5.11%, and closed at 27.32 on Friday, May 10, 2019. It was the worst weekly loss since December 7, 2018. Weekly volume was 38% above average.

LKQ is a member of Consumer Goods Sector. Consumer Goods is the second most overbought 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 downtrend had started on January 29, 2018 at 43.86 and reached 22.74 on January 3, 2019. LKQ lost 21.12 points, or 48.15%, in 48 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (19.25) is broken. A broken support is considered to be a long-term bullish signal. 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 January 3, 2019 at 22.74 and reached 31.68 on April 24, 2019. LKQ gained -8.94 points, or -39.31%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (29.17) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. LKQ may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See LKQ weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since January 18, 2019. This is an indication that the medium-term trend is up. 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 April 24, 2019 at 31.68 and reached 26.70 on May 10, 2019. LKQ lost 4.98 points, or 15.72%, in 16 days. The price is now at the 12.45% retracement level.

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. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 24, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.78
Williams' Percentage Range (W%R) 86.90
Oversold
Lane's Stochastic (%D-Slow) 7.81
Strong Oversold
Greed/Fear Indicator (GFI) 14.22
Oversold
Moving Average Converg./Diverg. (MACD) -0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.82
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 71.67
Greed/Fear Indicator (GFI) 58.27
Moving Average Converg./Diverg. (MACD) -0.34
Trading Signals
Description Value Chart
Upper Bollinger Band 31.72
Monthly Trendline Resistance 31.25
Weekly Stochastic Crossing 29.94
20 Day Moving Average 29.73
Parabolic System 29.21
Monthly Trendline Support 29.17
50 Day Moving Average 29.05
Price 27.32
Daily Stochastic Crossing 26.96
Lower Bollinger Band 26.41
Quarterly Trendline Resistance 23.71
Sector and Industry
Description Name Rank
Sector Consumer Goods 8
Industry Auto Parts 79
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.68
High Date 04/24/2019
Low 26.70
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.68
High Date 04/24/2019
Low 26.70
Low Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 31.25
Support 29.17
Low 22.74
Low Date 01/03/2019
High 31.68
High Date 04/24/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 23.71
Support 19.25
High 43.86
High Date 01/29/2018
Low 22.74
Low Date 01/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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