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|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.