The Greedy Trader Weekly Analysis
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Daily D%-Slow:< 20
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 5/17/2024 -
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Advance Auto Parts (AAP) Technical Analysis

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Summary:
Weekly :Oversold sector
Daily :The price has risen above the Parabolic SARTrend support at 74.45The period of low volatility of the stock price
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It was the negative week for the Advance Auto Parts (AAP). During the week, the AAP gave back -0.48 points, or -0.64%, and closed at 74.55 on Friday, May 17, 2024. Weekly volume was -43% below average.

AAP is a member of Consumer Discretionary Sector. Consumer Discretionary is the 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 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 13.63% 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 Symmetric Triangle chart pattern. The trend support level is at 78.68 and resistance is at 71.13. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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. The distance between MACD and the signal line is low and getting smaller. 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 25, 2024 at 71.82 and reached 77.49 on May 13, 2024. AAP gained -5.67 points, or -7.89%, in 18 days. The chart has formed a Ascending Triangle chart pattern. The price is near the trend support (74.45) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

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

The daily MACD line is above its signal line since May 8, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

The distance between the Bollinger Bands is falling, and it was 6.6% on Friday. It is 73.86% lower than one year average. It indicates the period of low volatility of the stock price. 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) 46.88
Williams' Percentage Range (W%R) 78.70
Lane's Stochastic (%D-Slow) 44.62
Greed/Fear Indicator (GFI) 37.61
Moving Average Converg./Diverg. (MACD) -0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.51
Williams' Percentage Range (W%R) 53.30
Lane's Stochastic (%D-Slow) 42.54
Greed/Fear Indicator (GFI) 49.23
Moving Average Converg./Diverg. (MACD) 1.42
Trading Signals
Description Value Chart
Monthly Trendline Support 78.68
50 Day Moving Average 77.94
Upper Bollinger Band 77.77
Weekly Trendline Resistance 77.56
Weekly Stochastic Crossing 76.37
20 Day Moving Average 75.17
Daily Stochastic Crossing 74.93
Price 74.55
Weekly Trendline Support 74.45
Parabolic System 73.04
Lower Bollinger Band 72.86
Monthly Trendline Resistance 71.13
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 1
Industry Automotive Retail 48
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 77.49
High Date 05/13/2024
Low 73.05
Low Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Test Support
Resistance 77.56
Support 74.45
Low 71.82
Low Date 04/25/2024
High 77.49
High Date 05/13/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 71.13
Support 78.68
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.