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Archive
7/12/2019
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Archive
- 7/12/2019 -
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AutoNation, Inc. (AN)

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was the negative week for the AutoNation, Inc. (AN). During the week, the AN gave back -0.07 points, or -0.17%, and closed at 41.94 on Friday, July 12, 2019. Weekly volume was -46% below average.

Long-term trend: [See AN long-term trend chart]
A long-term downtrend had started on April 22, 2015 at 67.50 and reached 32.83 on March 15, 2019. AN lost 34.67 points, or 51.36%, in 203 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 33.99 and resistance is at 57.01. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See AN medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 62.02 and reached 32.83 on March 15, 2019. AN lost 29.19 points, or 47.07%, in 59 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.04) 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 AN 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. 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 January 11, 2019. Use the following link to access a MACD help.

Short-term trend: [See AN short-term trend chart]
A short-term uptrend had started on May 13, 2019 at 38.53 and reached 42.97 on June 5, 2019. AN gained -4.44 points, or -11.52%, in 23 days. The chart has formed a Descending Triangle chart pattern. The trend support level is at 40.95 and resistance is at 42.67. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a short-term trend.

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

The daily MACD line is below its signal line since July 3, 2019. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands (5.05%) is close to one year low (6.01%). It is 58.44% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 45.62
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 45.82
Greed/Fear Indicator (GFI) 53.40
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.50
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 72.03
Greed/Fear Indicator (GFI) 71.75
Moving Average Converg./Diverg. (MACD) 0.23
Trading Signals
Description Value Chart
Weekly Trendline Resistance 42.67
Upper Bollinger Band 42.64
Monthly Trendline Resistance 42.63
Price 41.94
Weekly Stochastic Crossing 41.86
20 Day Moving Average 41.75
Daily Stochastic Crossing 41.69
Monthly Trendline Support 40.95
Weekly Trendline Support 40.95
50 Day Moving Average 40.94
Parabolic System 40.84
Lower Bollinger Band 40.53
Yearly Trendline Support 33.99
Sector and Industry
Description Name Rank
Sector Services 5
Industry Auto Dealerships 141
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.78
High Date 07/01/2019
Low 40.88
Low Date 07/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 42.67
Support 40.95
Low 38.53
Low Date 05/13/2019
High 42.97
High Date 06/05/2019
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 42.63
Support 40.95
Low 32.83
Low Date 03/15/2019
High 43.36
High Date 04/26/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 26.03
Support 29.04
High 62.02
High Date 01/26/2018
Low 32.83
Low Date 03/15/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 57.01
Support 33.99
High 67.50
High Date 04/22/2015
Low 32.83
Low Date 03/15/2019
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.

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