The Greedy Trader Weekly Analysis
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Genuine Parts
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtA Parabolic SAR indicator is above and near the priceTrend resistance at 98.57
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It was the negative week for the Genuine Parts (GPC). During the week, the GPC gave back -0.01 points, or -0.01%, and closed at 98.03 on Friday, August 10, 2018. Weekly volume was -51% 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 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 trend support level is at 81.96 and resistance is at 101.85. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 89.79 and resistance is at 125.59. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 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 April 2, 2018 at 85.80 and reached 99.84 on August 9, 2018. GPC gained -14.04 points, or -16.36%, in 129 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (98.57). 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 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 12, 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 (97.2) comes close to the price (98.03). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.54
Williams' Percentage Range (W%R) 14.00
Overbought
Lane's Stochastic (%D-Slow) 82.80
Overbought
Greed/Fear Indicator (GFI) 71.79
Moving Average Converg./Diverg. (MACD) 1.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.01
Williams' Percentage Range (W%R) 7.30
Strong Overbought
Lane's Stochastic (%D-Slow) 77.74
Greed/Fear Indicator (GFI) 75.73
Moving Average Converg./Diverg. (MACD) 0.32
Trading Signals
Description Value Chart
Yearly Trendline Resistance 101.85
Upper Bollinger Band 100.31
Daily Stochastic Crossing 99.27
Weekly Trendline Resistance 98.57
Weekly Stochastic Crossing 98.19
Price 98.03
20 Day Moving Average 97.32
Parabolic System 97.20
50 Day Moving Average 94.74
Lower Bollinger Band 93.86
Weekly Trendline Support 92.29
Quarterly Trendline Support 89.79
Yearly Trendline Support 81.96
Sector and Industry
Description Name Rank
Sector Services 8
Industry Auto Parts Wholesale 146
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 90.37
Low Date 07/02/2018
High 99.84
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 98.57
Support 92.29
Low 85.80
Low Date 04/02/2018
High 99.84
High Date 08/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.75
High Date 01/29/2018
Low 85.80
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 125.59
Support 89.79
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 Valid
Resistance 101.85
Support 81.96
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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