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|It was the negative week for the AutoNation, Inc. (AN). During the week, the AN dropped -0.95 points, or -2.01%, and closed at 46.31 on Friday, August 10, 2018. Weekly volume was -36% below average. |
AN is a member of Services Sector. Services is the second most overbought 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 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 chart has formed a Falling Pennant chart pattern. The trend support level is at 44.40 and resistance is at 48.65. A Falling Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Falling Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Pennant pattern in a long-term trend.
Medium-term trend: [See AN medium-term trend chart]
A medium-term uptrend had started on May 1, 2018 at 42.95 and reached 51.99 on June 22, 2018. AN gained -9.04 points, or -21.05%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (51.91) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
Weekly Technical Indicators: [See AN weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See AN short-term trend chart]
A short-term downtrend had started on June 22, 2018 at 51.99 and reached 45.11 on August 1, 2018. AN lost 6.88 points, or 13.23%, in 40 days. The chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See AN daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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.
The daily MACD line is below its signal line since August 9, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.