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Advanced TA SearchArchive
- 4/26/2024 -
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Genuine Parts (GPC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Genuine Parts (GPC). During the week, the GPC dropped -2.46 points, or -1.51%, and closed at 159.93 on Friday, April 26, 2024. Weekly volume was 30% above average.
 Long-term trend: [See GPC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 24.93 and reached 187.73 on December 2, 2022. GPC gained -162.80 points, or -653.03%, in 716 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 138.70 and resistance is at 201.53. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See GPC medium-term trend chart]
A medium-term downtrend had started on December 2, 2022 at 187.73 and reached 126.35 on October 30, 2023. GPC lost 61.38 points, or 32.70%, in 47 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (108.11) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish 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 above its signal line since December 15, 2023. The distance between MACD and the signal line is relatively high and 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 17, 2024 at 143.71 and reached 164.45 on April 18, 2024. GPC gained -20.74 points, or -14.43%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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.
The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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