The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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Advance Auto Parts (AAP) Technical Analysis

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Summary:
Weekly :
Daily :Price has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement levelThe 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 Advance Auto Parts (AAP). During the week, the AAP dropped -3.55 points, or -4.51%, and closed at 75.14 on Friday, April 26, 2024. Weekly volume was -42% below 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 47.73 on October 25, 2023. AAP lost 196.82 points, or 80.48%, in 94 weeks. The price is now at the 13.93% retracement level.

Medium-term trend: [See AAP medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 88.56 and reached 68.82 on April 16, 2024. AAP lost 19.74 points, or 22.29%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 60.79 and resistance is at 77.73. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 August 11, 2023. 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 16, 2024 at 68.82 and reached 79.41 on April 22, 2024. AAP gained -10.59 points, or -15.39%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is low and getting smaller.

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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.58
Williams' Percentage Range (W%R) 66.00
Lane's Stochastic (%D-Slow) 70.82
Greed/Fear Indicator (GFI) 49.47
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.79
Williams' Percentage Range (W%R) 37.90
Lane's Stochastic (%D-Slow) 65.23
Greed/Fear Indicator (GFI) 60.68
Moving Average Converg./Diverg. (MACD) 0.52
Trading Signals
Description Value Chart
Upper Bollinger Band 84.81
Weekly Stochastic Crossing 79.51
Monthly Trendline Resistance 77.73
20 Day Moving Average 77.14
Daily Stochastic Crossing 77.03
50 Day Moving Average 75.31
Price 75.14
Parabolic System 72.36
Lower Bollinger Band 68.63
Monthly Trendline Support 60.79
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Automotive Retail 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.41
High Date 04/22/2024
Low 71.82
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.82
Low Date 04/16/2024
High 79.41
High Date 04/22/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 77.73
Support 60.79
High 88.56
High Date 03/21/2024
Low 68.82
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.73
Low Date 10/25/2023
High 88.56
High Date 03/21/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 244.55
High Date 01/05/2022
Low 47.73
Low Date 10/25/2023
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.