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Archive
- 1/3/2025 -
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Advance Auto Parts (AAP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Advance Auto Parts (AAP). During the week, the AAP gained 2.28 points, or 5.17%, and closed at 46.34 on Friday, January 3, 2025. Weekly volume was 12% above average.
AAP is a member of Consumer Discretionary Sector. Consumer Discretionary is the 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 AAP long-term trend chart]
A long-term downtrend had started on March 21, 2024 at 88.56 and reached 35.59 on October 31, 2024. AAP lost 52.97 points, or 59.81%, in 32 weeks. The price is now at the 20.29% retracement level.
 Medium-term trend: [See AAP medium-term trend chart]
A medium-term uptrend had started on October 31, 2024 at 35.59 and reached 48.95 on December 9, 2024. AAP gained -13.36 points, or -37.54%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 44.19 and resistance is at 52.67. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 November 22, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See AAP short-term trend chart]
A short-term uptrend had started on December 19, 2024 at 41.19 and reached 48.67 on January 3, 2025. AAP gained -7.48 points, or -18.16%, in 15 days. The price is now at the 31.15% retracement level.
 Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
9 |
| Industry |
Automotive Retail |
97 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
41.19 |
| Low Date |
12/19/2024 |
| High |
48.67 |
| High Date |
01/03/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
41.19 |
| Low Date |
12/19/2024 |
| High |
48.67 |
| High Date |
01/03/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
52.67 |
| Support |
44.19 |
| Low |
35.59 |
| Low Date |
10/31/2024 |
| High |
48.95 |
| High Date |
12/09/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
88.56 |
| High Date |
03/21/2024 |
| Low |
35.59 |
| Low Date |
10/31/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
244.55 |
| High Date |
01/05/2022 |
| Low |
35.59 |
| Low Date |
10/31/2024 |
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