The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 12
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Genuine Parts
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Summary:
Weekly :Overbought industryBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 101.66
Daily :Williams' Percentage Range and Lane's Stochastic are overbought20 Day Moving Average has crossed below the 50 Day Moving AverageA Parabolic SAR indicator is below and near the priceThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Genuine Parts (GPC). During the week, the GPC climbed 0.51 points, or 0.50%, and closed at 101.90 on Friday, September 14, 2018. Weekly volume was -44% below average.

GPC is a member of Auto Parts Wholesale Industry. Auto Parts Wholesale is the eighth most overbought industry. 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 GPC long-term trend chart]
A long-term downtrend had started on December 29, 2014 at 109.00 and reached 76.50 on January 15, 2016. GPC lost 32.50 points, or 29.82%, in 54 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (101.66). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See GPC medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 85.80 and reached 102.49 on September 12, 2018. GPC gained -16.69 points, or -19.45%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (93.97) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 GPC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 1, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See GPC short-term trend chart]
A short-term uptrend had started on August 13, 2018 at 96.53 and reached 102.49 on September 12, 2018. GPC gained -5.96 points, or -6.17%, in 30 days. The price is now at the 9.90% retracement level.

Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since September 5, 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.

A Parabolic SAR (stop and reversal) indicator (102.59) comes close to the price (101.90). It indicates that the trend is getting weaker. 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 is falling, and it was 4.12% on Friday. It is 54.96% 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.04
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 81.54
Overbought
Greed/Fear Indicator (GFI) 78.59
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.47
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 91.44
Strong Overbought
Greed/Fear Indicator (GFI) 82.28
Overbought
Moving Average Converg./Diverg. (MACD) 1.27
Trading Signals
Description Value Chart
Parabolic System 102.59
Upper Bollinger Band 102.48
Weekly Stochastic Crossing 102.11
Daily Stochastic Crossing 102.04
Price 101.90
Yearly Trendline Resistance 101.66
20 Day Moving Average 100.38
Monthly Trendline Resistance 100.26
Lower Bollinger Band 98.26
50 Day Moving Average 98.00
Monthly Trendline Support 93.97
Yearly Trendline Support 82.16
Sector and Industry
Description Name Rank
Sector Services 7
Industry Auto Parts Wholesale 156
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 96.53
Low Date 08/13/2018
High 102.49
High Date 09/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.37
Low Date 07/02/2018
High 102.49
High Date 09/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 100.26
Support 93.97
Low 85.80
Low Date 04/02/2018
High 102.49
High Date 09/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.86
Low Date 08/15/2017
High 107.75
High Date 01/29/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 101.66
Support 82.16
High 109.00
High Date 12/29/2014
Low 76.50
Low Date 01/15/2016
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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