The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Pennant
Number of records: 2
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

AutoNation, Inc.
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.32
Williams' Percentage Range (W%R) 46.30
Lane's Stochastic (%D-Slow) 70.87
Greed/Fear Indicator (GFI) 58.29
Moving Average Converg./Diverg. (MACD) -0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.94
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 26.80
Greed/Fear Indicator (GFI) 27.59
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Parabolic System 48.09
Upper Bollinger Band 47.99
50 Day Moving Average 47.63
Daily Stochastic Crossing 47.41
20 Day Moving Average 46.60
Monthly Trendline Resistance 46.36
Price 46.02
Lower Bollinger Band 45.53
Weekly Stochastic Crossing 45.36
Monthly Trendline Support 42.90
Sector and Industry
Description Name Rank
Sector Services 6
Industry Auto Dealerships 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.30
High Date 05/08/2018
Low 45.62
Low Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.95
Low Date 05/01/2018
High 48.30
High Date 05/08/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 46.36
Support 42.90
High 62.02
High Date 01/26/2018
Low 42.95
Low Date 05/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.20
Low Date 05/26/2017
High 62.02
High Date 01/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.50
High Date 04/22/2015
Low 38.20
Low Date 05/26/2017
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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