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|It was the negative week for the AutoNation, Inc. (AN). During the week, the AN dropped -1.41 points, or -2.97%, and closed at 46.02 on Friday, May 11, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -26% below average. |
Long-term trend: [See AN long-term trend chart]
A long-term uptrend had started on May 26, 2017 at 38.20 and reached 62.02 on January 26, 2018. AN gained -23.82 points, or -62.36%, in 35 weeks. The price is now at the 67.17% retracement level.
Medium-term trend: [See AN medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 62.02 and reached 42.95 on May 1, 2018. AN lost 19.07 points, or 30.75%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 42.90 and resistance is at 46.36. 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 medium-term trend.
Weekly Technical Indicators: [See AN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. 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 1, 2018 at 42.95 and reached 48.30 on May 8, 2018. AN gained -5.35 points, or -12.46%, in 7 days. The price is now at the 42.62% retracement level.
Daily Technical Indicators: [See AN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 3, 2018. 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.39% on Friday. It is 58.62% lower than one year average. It indicates the period of low 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.