The Greedy Trader Weekly Analysis
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Genuine Parts (GPC)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the Genuine Parts (GPC). During the week, the GPC climbed 0.66 points, or 0.64%, and closed at 104.37 on Friday, November 29, 2019. Weekly volume was -57% below average.

Long-term trend: [See GPC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 24.93 and reached 115.20 on April 5, 2019. GPC gained -90.27 points, or -362.09%, in 525 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 90.67 and resistance is at 106.21. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.

Medium-term trend: [See GPC medium-term trend chart]
A medium-term downtrend had started on April 5, 2019 at 115.20 and reached 87.26 on August 26, 2019. GPC lost 27.94 points, or 24.25%, in 20 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (79.76) 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 medium-term trend.

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

The weekly MACD line is above its signal line since September 27, 2019. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See GPC short-term trend chart]
A short-term uptrend had started on August 26, 2019 at 87.26 and reached 108.58 on November 7, 2019. GPC gained -21.32 points, or -24.43%, in 73 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 98.76 and resistance is at 113.31. 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 short-term trend.

Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 11, 2019. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.98% on Friday. It is 50.18% 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) 41.27
Williams' Percentage Range (W%R) 56.70
Lane's Stochastic (%D-Slow) 62.50
Greed/Fear Indicator (GFI) 49.03
Moving Average Converg./Diverg. (MACD) 1.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.86
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 82.20
Overbought
Greed/Fear Indicator (GFI) 75.00
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Weekly Trendline Resistance 113.31
Upper Bollinger Band 106.58
Yearly Trendline Resistance 106.21
Weekly Stochastic Crossing 105.37
20 Day Moving Average 105.00
Daily Stochastic Crossing 104.41
Price 104.37
Parabolic System 102.27
Lower Bollinger Band 101.40
50 Day Moving Average 101.21
Weekly Trendline Support 98.76
Monthly Trendline Resistance 90.77
Yearly Trendline Support 90.67
Sector and Industry
Description Name Rank
Sector Services 5
Industry Auto Parts Wholesale 126
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 108.58
High Date 11/07/2019
Low 102.37
Low Date 11/22/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 113.31
Support 98.76
Low 87.26
Low Date 08/26/2019
High 108.58
High Date 11/07/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 90.77
Support 79.76
High 115.20
High Date 04/05/2019
Low 87.26
Low Date 08/26/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.50
Low Date 01/15/2016
High 115.20
High Date 04/05/2019
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 106.21
Support 90.67
Low 24.93
Low Date 03/09/2009
High 115.20
High Date 04/05/2019
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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