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|It was the negative week for the Genuine Parts (GPC). During the week, the GPC dropped -5.14 points, or -5.03%, and closed at 97.05 on Friday, February 09, 2018. Weekly volume was 52% above average. |
GPC is a member of Services Sector. Services is the 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 trend support level is at 92.06 and resistance is at 102.84. A Rising Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Rising Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Pennant pattern in a long-term trend.
Medium-term trend: [See GPC medium-term trend chart]
A medium-term downtrend had started on July 12, 2016 at 105.97 and reached 79.86 on August 15, 2017. GPC lost 26.11 points, or 24.64%, in 57 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (76.00) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See GPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since September 15, 2017. 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 November 16, 2017 at 84.71 and reached 107.75 on January 29, 2018. GPC gained -23.04 points, or -27.20%, in 74 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (104.69) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GPC may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.
Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since January 30, 2018. The distance between MACD and the signal line is near its high and getting bigger.
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.