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Quarterly Pattern: | Falling Channel |
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Number of records: 6 |
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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Advance Auto Parts (AAP) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Advance Auto Parts (AAP). During the week, the AAP gained 8.69 points, or 11.89%, and closed at 81.77 on Friday, March 15, 2024. Weekly volume was 54% 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 47.73 on October 25, 2023. AAP lost 196.82 points, or 80.48%, in 94 weeks. The price is now at the 17.29% retracement level. Medium-term trend: [See AAP medium-term trend chart] A medium-term uptrend had started on October 25, 2023 at 47.73 and reached 81.88 on March 15, 2024. AAP gained -34.15 points, or -71.55%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (62.99) 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 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. The weekly MACD line is above its signal line since August 11, 2023. 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 February 26, 2024 at 60.19 and reached 81.88 on March 15, 2024. AAP gained -21.69 points, or -36.04%, in 18 days. Price is near the trend high. Daily Technical Indicators: [See AAP daily technical indicators chart] Daily Williams' Percentage Range is overbought while Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Relative Strength Index and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help. The daily MACD line is above its signal line since February 28, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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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 |
7 |
Industry |
Automotive Retail |
103 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
60.19 |
Low Date |
02/26/2024 |
High |
81.88 |
High Date |
03/15/2024 |
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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 |
60.19 |
Low Date |
02/26/2024 |
High |
81.88 |
High Date |
03/15/2024 |
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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 |
60.19 |
Low Date |
02/26/2024 |
High |
81.88 |
High Date |
03/15/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Channel |
Status |
Broken Resistance |
Resistance |
74.46 |
Support |
62.99 |
Low |
47.73 |
Low Date |
10/25/2023 |
High |
81.88 |
High Date |
03/15/2024 |
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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 |
47.73 |
Low Date |
10/25/2023 |
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