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Distributors Industry Stocks Technical Analysis - LKQ

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- 3/21/2025 -
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LKQ Corporation (LKQ) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtOversold sector
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the LKQ Corporation (LKQ). During the week, the LKQ dropped -1.25 points, or -3.00%, and closed at 40.40 on Friday, March 21, 2025. Weekly volume was 76% above average.

LKQ is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold 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 LKQ long-term trend chart]
A long-term downtrend had started on July 12, 2023 at 59.38 and reached 35.56 on January 3, 2025. LKQ lost 23.82 points, or 40.11%, in 77 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 34.53 and resistance is at 45.92. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See LKQ medium-term trend chart]
A medium-term uptrend had started on January 3, 2025 at 35.56 and reached 44.82 on March 10, 2025. LKQ gained -9.26 points, or -26.04%, in 9 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 36.08 and resistance is at 46.30. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See LKQ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since November 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 downtrend had started on March 10, 2025 at 44.82 and reached 40.12 on March 21, 2025. LKQ lost 4.70 points, or 10.49%, in 11 days. The price is now at the 5.96% retracement level.

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

The daily MACD line is below its signal line since March 12, 2025. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 39.61
Williams' Percentage Range (W%R) 84.50
Oversold
Lane's Stochastic (%D-Slow) 14.48
Oversold
Greed/Fear Indicator (GFI) 23.21
Moving Average Converg./Diverg. (MACD) 0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.66
Williams' Percentage Range (W%R) 42.90
Lane's Stochastic (%D-Slow) 80.40
Overbought
Greed/Fear Indicator (GFI) 64.71
Moving Average Converg./Diverg. (MACD) -0.65
Trading Signals
Description Value Chart
Monthly Trendline Resistance 46.30
Quarterly Trendline Resistance 45.92
Parabolic System 43.40
Upper Bollinger Band 43.05
Weekly Stochastic Crossing 42.93
20 Day Moving Average 42.04
Daily Stochastic Crossing 40.49
Price 40.40
Lower Bollinger Band 39.77
50 Day Moving Average 39.70
Monthly Trendline Support 36.08
Quarterly Trendline Support 34.53
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Distributors 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.52
High Date 03/19/2025
Low 40.12
Low Date 03/21/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.82
High Date 03/10/2025
Low 40.12
Low Date 03/21/2025
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 46.30
Support 36.08
Low 35.56
Low Date 01/03/2025
High 44.82
High Date 03/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 45.92
Support 34.53
High 59.38
High Date 07/12/2023
Low 35.56
Low Date 01/03/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.43
High Date 01/03/2022
Low 35.56
Low Date 01/03/2025
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.