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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Genuine Parts (GPC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 6 consecutive negative weeks for the Genuine Parts (GPC). During the week, the GPC gained 3.65 points, or 3.13%, and closed at 120.29 on Friday, May 2, 2025. It was the best weekly gain since February 14, 2025. GPC was trading at average weekly trading volume.
 Long-term trend: [See GPC long-term trend chart]
A long-term downtrend had started on April 18, 2024 at 164.45 and reached 104.00 on April 9, 2025. GPC lost 60.45 points, or 36.76%, in 50 weeks. The price is now at the 26.95% retracement level.
 Medium-term trend: [See GPC medium-term trend chart]
A medium-term downtrend had started on March 10, 2025 at 132.00 and reached 104.00 on April 9, 2025. GPC lost 28.00 points, or 21.21%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (110.24) 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. GPC 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 GPC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 7, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See GPC short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 104.00 and reached 120.52 on May 2, 2025. GPC gained -16.52 points, or -15.88%, in 23 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 119.57 and resistance is at 121.08. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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