The Greedy Trader Weekly Analysis
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Distributors Industry Stocks Technical Analysis - LKQ

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- 5/10/2024 -
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LKQ Corporation (LKQ) Technical Analysis

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Daily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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It was a second positive week after 4 consecutive negative weeks for the LKQ Corporation (LKQ). During the week, the LKQ climbed 0.36 points, or 0.82%, and closed at 44.21 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -8% below average.

LKQ is a member of Consumer Discretionary Sector. Consumer Discretionary is the second 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 LKQ long-term trend chart]
A long-term downtrend had started on July 12, 2023 at 59.38 and reached 41.30 on April 24, 2024. LKQ lost 18.08 points, or 30.45%, in 41 weeks. The price is now at the 16.10% retracement level.

Medium-term trend: [See LKQ medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 53.68 and reached 41.30 on April 24, 2024. LKQ lost 12.38 points, or 23.06%, in 3 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See LKQ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. 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 April 24, 2024 at 41.30 and reached 44.90 on May 7, 2024. LKQ gained -3.60 points, or -8.72%, in 13 days. The price is now at the 19.17% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands is 129.48% higher then one year average. It indicates the period of high 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) 32.65
Williams' Percentage Range (W%R) 65.60
Lane's Stochastic (%D-Slow) 74.18
Greed/Fear Indicator (GFI) 47.09
Moving Average Converg./Diverg. (MACD) -1.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.40
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 25.50
Greed/Fear Indicator (GFI) 31.04
Moving Average Converg./Diverg. (MACD) -0.21
Trading Signals
Description Value Chart
Upper Bollinger Band 50.34
50 Day Moving Average 49.13
Parabolic System 45.23
20 Day Moving Average 45.12
Daily Stochastic Crossing 44.24
Price 44.21
Weekly Stochastic Crossing 43.49
Lower Bollinger Band 40.66
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Distributors 15
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.30
Low Date 04/24/2024
High 44.90
High Date 05/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.68
High Date 03/28/2024
Low 41.30
Low Date 04/24/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.38
High Date 07/12/2023
Low 41.30
Low Date 04/24/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.43
High Date 01/03/2022
Low 41.30
Low Date 04/24/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.31
Low Date 03/23/2020
High 60.43
High Date 01/03/2022
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.