The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 15
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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 :Trend resistance at 101.21
Daily :Broken trend support lineStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Genuine Parts (GPC). During the week, the GPC dropped -4.17 points, or -4.02%, and closed at 99.54 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 41% above average.

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 (101.21). 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 105.89 on December 4, 2018. GPC gained -20.09 points, or -23.41%, in 35 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 95.50 and resistance is at 107.91. 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.

The weekly MACD line is above its signal line since November 23, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 18, 2018 at 93.62 and reached 105.89 on December 4, 2018. GPC gained -12.27 points, or -13.11%, in 47 days. The chart has formed a Descending Triangle chart pattern. The uptrend support line (101.04) 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 short-term trend.

Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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. Use the following link to access Lane's Stochastic help.

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

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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) 43.26
Williams' Percentage Range (W%R) 62.70
Lane's Stochastic (%D-Slow) 62.73
Greed/Fear Indicator (GFI) 47.77
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.57
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 74.88
Greed/Fear Indicator (GFI) 61.14
Moving Average Converg./Diverg. (MACD) 1.66
Trading Signals
Description Value Chart
Monthly Trendline Resistance 107.91
Parabolic System 105.83
Upper Bollinger Band 104.20
Weekly Stochastic Crossing 103.50
Weekly Trendline Resistance 103.18
Daily Stochastic Crossing 102.23
20 Day Moving Average 101.60
Yearly Trendline Resistance 101.21
Weekly Trendline Support 101.04
50 Day Moving Average 99.76
Price 99.54
Lower Bollinger Band 98.52
Monthly Trendline Support 95.50
Yearly Trendline Support 82.65
Sector and Industry
Description Name Rank
Sector Services 6
Industry Auto Parts Wholesale 141
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 98.99
Low Date 11/23/2018
High 105.89
High Date 12/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 103.18
Support 101.04
Low 93.62
Low Date 10/18/2018
High 105.89
High Date 12/04/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 107.91
Support 95.50
Low 85.80
Low Date 04/02/2018
High 105.89
High Date 12/04/2018
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 101.21
Support 82.65
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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