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Advanced TA SearchArchive
- 5/19/2023 -
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Advance Auto Parts (AAP) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Advance Auto Parts (AAP). During the week, the AAP dropped -5.45 points, or -4.44%, and closed at 117.41 on Friday, May 19, 2023. It was the worst weekly loss since March 24, 2023. AAP was trading at average weekly trading volume.
 Long-term trend: [See AAP long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 244.55 and reached 109.07 on March 24, 2023. AAP lost 135.48 points, or 55.40%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (114.04) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See AAP medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 109.07 and reached 129.90 on April 21, 2023. AAP gained -20.83 points, or -19.10%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (124.60) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See AAP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 28, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See AAP short-term trend chart]
A short-term downtrend had started on May 10, 2023 at 127.31 and reached 117.09 on May 19, 2023. AAP lost 10.22 points, or 8.03%, in 9 days. Price is near the trend low.
Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 11, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 8.72% on Friday. It is 50.06% 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.
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