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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.

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- 5/23/2025 -
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Advance Auto Parts (AAP) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Advance Auto Parts (AAP). During the week, the AAP gained 13.64 points, or 38.94%, and closed at 48.67 on Friday, May 23, 2025. Weekly volume was 324% above average.

Long-term trend: [See AAP long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 244.55 and reached 28.89 on April 9, 2025. AAP lost 215.66 points, or 88.19%, in 170 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.00) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AAP may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See AAP medium-term trend chart]
A medium-term downtrend had started on January 30, 2025 at 50.59 and reached 28.89 on April 9, 2025. AAP lost 21.70 points, or 42.89%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (22.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AAP may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AAP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 9, 2025 at 28.89 and reached 50.04 on May 22, 2025. AAP gained -21.15 points, or -73.21%, in 43 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (31.54) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a short-term trend.

Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is above its signal line since April 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 79.54
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 68.28
Greed/Fear Indicator (GFI) 81.65
Overbought
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.88
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 33.19
Greed/Fear Indicator (GFI) 62.21
Moving Average Converg./Diverg. (MACD) -3.70
Trading Signals
Description Value Chart
Price 48.67
Upper Bollinger Band 45.84
Daily Stochastic Crossing 43.82
Weekly Stochastic Crossing 36.51
50 Day Moving Average 34.98
20 Day Moving Average 34.42
Parabolic System 31.62
Lower Bollinger Band 25.97
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 5
Industry Automotive Retail 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.84
Low Date 05/09/2025
High 50.04
High Date 05/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 35.32
Support 31.54
Low 28.89
Low Date 04/09/2025
High 50.04
High Date 05/22/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 33.80
Support 22.15
High 50.59
High Date 01/30/2025
Low 28.89
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.56
High Date 03/21/2024
Low 28.89
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 22.87
Support 29.00
High 244.55
High Date 01/05/2022
Low 28.89
Low Date 04/09/2025
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.