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Distributors Industry Stocks Technical Analysis - LKQArchive
- 4/26/2024 -
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LKQ Corporation (LKQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the LKQ Corporation (LKQ). During the week, the LKQ dropped -5.48 points, or -11.16%, and closed at 43.64 on Friday, April 26, 2024. Weekly volume was 208% above average.
 Long-term trend: [See LKQ long-term trend chart]
A long-term downtrend had started on July 12, 2023 at 59.38 and reached 41.30 on April 24, 2024. LKQ lost 18.08 points, or 30.45%, in 41 weeks. The price is now at the 12.94% retracement level.
 Medium-term trend: [See LKQ medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 53.68 and reached 41.30 on April 24, 2024. LKQ lost 12.38 points, or 23.06%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (45.19) 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 is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Relative Strength Index 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 April 22, 2024 at 49.50 and reached 41.30 on April 24, 2024. LKQ lost 8.20 points, or 16.57%, in 2 days. The price is now at the 28.54% retracement level.
Daily Technical Indicators: [See LKQ daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bullish divergence. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (30.61%) is close to one year high (26.79%). It is 257.39% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
4 |
| Industry |
Distributors |
18 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
49.50 |
| High Date |
04/22/2024 |
| Low |
41.30 |
| Low Date |
04/24/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Broken Support |
| Resistance |
48.44 |
| Support |
45.19 |
| High |
53.68 |
| High Date |
03/28/2024 |
| Low |
41.30 |
| Low Date |
04/24/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
59.38 |
| High Date |
07/12/2023 |
| Low |
41.30 |
| Low Date |
04/24/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
60.43 |
| High Date |
01/03/2022 |
| Low |
41.30 |
| Low Date |
04/24/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
13.31 |
| Low Date |
03/23/2020 |
| High |
60.43 |
| High Date |
01/03/2022 |
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