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Quarterly Pattern:Falling Channel
Number of records: 10
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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 sectorWeekly  MACD line has moved above its signal lineTrend support at 94.51
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandBroken trend resistance line
Move cursor over the icon to see details.

It was a first positive week for the Genuine Parts (GPC). During the week, the GPC gained 3.15 points, or 3.44%, and closed at 94.62 on Friday, June 08, 2018. It was the best weekly gain since April 27, 2018. Weekly volume was -19% below average.

GPC 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 GPC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 24.93 and reached 109.00 on December 29, 2014. GPC gained -84.07 points, or -337.22%, in 303 weeks. The chart has formed a Rising Pennant chart pattern. The price is near the trend support (94.51) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See GPC medium-term trend chart]
A medium-term uptrend had started on August 15, 2017 at 79.86 and reached 107.75 on January 29, 2018. GPC gained -27.89 points, or -34.92%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 88.19 and resistance is at 119.78. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See GPC weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See GPC short-term trend chart]
A short-term downtrend had started on January 29, 2018 at 107.75 and reached 85.80 on April 2, 2018. GPC lost 21.95 points, or 20.37%, in 63 days. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (89.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GPC may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

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. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 59.71
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 87.90
Overbought
Greed/Fear Indicator (GFI) 79.10
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.68
Williams' Percentage Range (W%R) 61.20
Lane's Stochastic (%D-Slow) 73.55
Greed/Fear Indicator (GFI) 55.49
Moving Average Converg./Diverg. (MACD) -0.43
Trading Signals
Description Value Chart
Yearly Trendline Resistance 102.19
Price 94.62
Daily Stochastic Crossing 94.55
Upper Bollinger Band 94.54
Yearly Trendline Support 94.51
Weekly Stochastic Crossing 93.03
20 Day Moving Average 92.29
Parabolic System 90.90
50 Day Moving Average 90.54
Lower Bollinger Band 89.85
Weekly Trendline Support 89.54
Monthly Trendline Support 88.19
Weekly Trendline Resistance 81.50
Sector and Industry
Description Name Rank
Sector Services 8
Industry Auto Parts Wholesale 87
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 85.80
Low Date 04/02/2018
High 94.82
High Date 05/22/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 81.50
Support 89.54
High 107.75
High Date 01/29/2018
Low 85.80
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 119.78
Support 88.19
Low 79.86
Low Date 08/15/2017
High 107.75
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.97
High Date 07/12/2016
Low 79.86
Low Date 08/15/2017
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Test Support
Resistance 102.19
Support 94.51
Low 24.93
Low Date 03/09/2009
High 109.00
High Date 12/29/2014
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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