|
|
Advanced TA SearchArchive
- 8/30/2024 -
Sign In to see current Signals. |
Advance Auto Parts (AAP) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was the negative week for the Advance Auto Parts (AAP). During the week, the AAP dropped -3.84 points, or -7.81%, and closed at 45.31 on Friday, August 30, 2024. Weekly volume was 68% above average.
AAP is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. AAP is a member of Automotive Retail Industry. Automotive Retail is the second most oversold industry. 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 January 5, 2022 at 244.55 and reached 44.90 on August 30, 2024. AAP lost 199.65 points, or 81.64%, in 138 weeks. Price is near the trend low.
 Medium-term trend: [See AAP medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 88.56 and reached 44.90 on August 30, 2024. AAP lost 43.66 points, or 49.30%, in 23 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (55.71) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.
 Weekly Technical Indicators: [See AAP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The weekly MACD line is below its signal line since May 24, 2024. This is an indication that the medium-term trend is down. 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 August 15, 2024 at 63.12 and reached 44.90 on August 30, 2024. AAP lost 18.22 points, or 28.87%, in 15 days. Price is near the trend low.
 Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since August 21, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands (54.12%) is close to one year high (35.17%). It is 199.78% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
 Candlestick pattern: [See AAP candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.
| |
|
|