The Greedy Trader Weekly Analysis
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Archive
- 10/5/2018
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AutoNation, Inc.
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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBullish Doji Candlestick
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It was the negative week for the AutoNation, Inc. (AN). During the week, the AN dropped -2.35 points, or -5.66%, and closed at 39.20 on Friday, October 05, 2018. Weekly volume was 26% above average.

AN is a member of Services Sector. Services 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 AN long-term trend chart]
A long-term uptrend had started on May 26, 2017 at 38.20 and reached 62.02 on January 26, 2018. AN gained -23.82 points, or -62.36%, in 35 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend support line (45.19) 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. AN 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 long-term trend.

Medium-term trend: [See AN medium-term trend chart]
A medium-term downtrend had started on June 22, 2018 at 51.99 and reached 38.62 on October 5, 2018. AN lost 13.37 points, or 25.72%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (40.80) 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 AN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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.

The weekly MACD line is below its signal line since August 3, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AN short-term trend chart]
A short-term downtrend had started on August 21, 2018 at 47.82 and reached 38.62 on October 5, 2018. AN lost 9.20 points, or 19.24%, in 45 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See AN daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since September 24, 2018. 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.

Candlestick pattern: [See AN candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.46
Oversold
Williams' Percentage Range (W%R) 91.00
Strong Oversold
Lane's Stochastic (%D-Slow) 13.19
Oversold
Greed/Fear Indicator (GFI) 13.89
Oversold
Moving Average Converg./Diverg. (MACD) -1.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.73
Williams' Percentage Range (W%R) 95.70
Strong Oversold
Lane's Stochastic (%D-Slow) 7.61
Strong Oversold
Greed/Fear Indicator (GFI) 16.55
Oversold
Moving Average Converg./Diverg. (MACD) -1.01
Trading Signals
Description Value Chart
Upper Bollinger Band 45.77
Quarterly Trendline Support 45.19
50 Day Moving Average 44.86
Quarterly Trendline Resistance 44.81
Weekly Trendline Resistance 44.65
20 Day Moving Average 42.65
Weekly Trendline Support 40.80
Parabolic System 40.79
Weekly Stochastic Crossing 39.42
Daily Stochastic Crossing 39.24
Price 39.20
Lower Bollinger Band 38.99
Sector and Industry
Description Name Rank
Sector Services 8
Industry Auto Dealerships 21
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 47.82
High Date 08/21/2018
Low 38.62
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 44.65
Support 40.80
High 51.99
High Date 06/22/2018
Low 38.62
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.02
High Date 01/26/2018
Low 38.62
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Support
Resistance 44.81
Support 45.19
Low 38.20
Low Date 05/26/2017
High 62.02
High Date 01/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.50
High Date 04/22/2015
Low 38.20
Low Date 05/26/2017
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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