The Greedy Trader Weekly Analysis
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- 11/22/2024 -
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LKQ Corporation (LKQ) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the LKQ Corporation (LKQ). During the week, the LKQ climbed 0.30 points, or 0.79%, and closed at 38.50 on Friday, November 22, 2024. LKQ was trading at average weekly trading volume.

Long-term trend: [See LKQ long-term trend chart]
A long-term downtrend had started on July 12, 2023 at 59.38 and reached 35.57 on July 25, 2024. LKQ lost 23.81 points, or 40.10%, in 54 weeks. The price is now at the 12.31% retracement level.

Medium-term trend: [See LKQ medium-term trend chart]
A medium-term downtrend had started on July 18, 2024 at 46.64 and reached 35.57 on July 25, 2024. LKQ lost 11.07 points, or 23.73%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (36.93) is broken. A broken support is considered to be a long-term bullish signal. 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 LKQ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 8, 2024. 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 LKQ short-term trend chart]
A short-term uptrend had started on October 31, 2024 at 36.67 and reached 39.40 on November 11, 2024. LKQ gained -2.73 points, or -7.44%, in 11 days. The price is now at the 32.97% retracement level.

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

The daily MACD line is above its signal line since November 5, 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.19
Williams' Percentage Range (W%R) 52.40
Lane's Stochastic (%D-Slow) 27.21
Greed/Fear Indicator (GFI) 44.34
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.30
Williams' Percentage Range (W%R) 78.30
Lane's Stochastic (%D-Slow) 20.84
Greed/Fear Indicator (GFI) 28.73
Moving Average Converg./Diverg. (MACD) -1.86
Trading Signals
Description Value Chart
Upper Bollinger Band 39.43
Parabolic System 39.31
50 Day Moving Average 38.75
Price 38.50
20 Day Moving Average 37.95
Daily Stochastic Crossing 37.75
Weekly Stochastic Crossing 37.59
Weekly Trendline Support 36.93
Lower Bollinger Band 36.89
Weekly Trendline Resistance 35.07
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Distributors 12
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.67
Low Date 10/31/2024
High 39.40
High Date 11/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 35.07
Support 36.93
High 46.64
High Date 07/18/2024
Low 35.57
Low Date 07/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.68
High Date 03/28/2024
Low 35.57
Low Date 07/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.38
High Date 07/12/2023
Low 35.57
Low Date 07/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.43
High Date 01/03/2022
Low 35.57
Low Date 07/25/2024
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.