The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/15/2024 -
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LKQ Corporation (LKQ) Technical Analysis

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought
Daily :
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It was a first positive week for the LKQ Corporation (LKQ). During the week, the LKQ climbed 0.09 points, or 0.18%, and closed at 51.51 on Friday, March 15, 2024. Weekly volume was 13% above average.

Long-term trend: [See LKQ long-term trend chart]
A long-term downtrend had started on January 3, 2022 at 60.43 and reached 41.49 on October 26, 2023. LKQ lost 18.94 points, or 31.34%, in 94 weeks. The price is now at the 52.90% retracement level.

Medium-term trend: [See LKQ medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 41.49 and reached 53.19 on February 29, 2024. LKQ gained -11.70 points, or -28.20%, in 18 weeks. The price is now at the 14.36% retracement level.

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

The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See LKQ short-term trend chart]
A short-term uptrend had started on February 5, 2024 at 45.99 and reached 53.19 on February 29, 2024. LKQ gained -7.20 points, or -15.66%, in 24 days. The chart has formed a Symmetric Triangle chart pattern.

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

The daily MACD line is below its signal line since March 5, 2024.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.12
Williams' Percentage Range (W%R) 44.00
Lane's Stochastic (%D-Slow) 35.37
Greed/Fear Indicator (GFI) 42.51
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.02
Overbought
Williams' Percentage Range (W%R) 17.10
Overbought
Lane's Stochastic (%D-Slow) 86.19
Overbought
Greed/Fear Indicator (GFI) 76.11
Moving Average Converg./Diverg. (MACD) -0.85
Trading Signals
Description Value Chart
Upper Bollinger Band 52.71
Parabolic System 52.40
Weekly Stochastic Crossing 52.17
20 Day Moving Average 51.67
Daily Stochastic Crossing 51.52
Price 51.51
Lower Bollinger Band 49.56
50 Day Moving Average 49.19
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Distributors 107
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 45.99
Low Date 02/05/2024
High 53.19
High Date 02/29/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.49
Low Date 10/26/2023
High 53.19
High Date 02/29/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.38
High Date 07/12/2023
Low 41.49
Low Date 10/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.43
High Date 01/03/2022
Low 41.49
Low Date 10/26/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.31
Low Date 03/23/2020
High 60.43
High Date 01/03/2022
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.