The Greedy Trader Weekly Analysis
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Number of records: 6
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
AutoNation, Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal line
Move cursor over the icon to see details.

It was the negative week for the AutoNation, Inc. (AN). During the week, the AN dropped -1.72 points, or -4.23%, and closed at 38.98 on Friday, November 09, 2018. Weekly volume was -9% below average.

AN 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 AN long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 62.02 and reached 37.64 on October 12, 2018. AN lost 24.38 points, or 39.31%, in 37 weeks. The price is now at the 5.50% retracement level.

Medium-term trend: [See AN medium-term trend chart]
A medium-term downtrend had started on June 22, 2018 at 51.99 and reached 37.64 on October 12, 2018. AN lost 14.35 points, or 27.60%, in 16 weeks. The price is now at the 9.34% retracement level.

Weekly Technical Indicators: [See AN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since August 3, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AN short-term trend chart]
A short-term downtrend had started on October 29, 2018 at 43.64 and reached 37.93 on November 7, 2018. AN lost 5.71 points, or 13.08%, in 9 days. The price is now at the 18.39% retracement level.

Daily Technical Indicators: [See AN daily technical indicators chart]
Daily technical indicators are neutral.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.17
Williams' Percentage Range (W%R) 76.20
Lane's Stochastic (%D-Slow) 24.89
Greed/Fear Indicator (GFI) 33.29
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.65
Williams' Percentage Range (W%R) 88.50
Oversold
Lane's Stochastic (%D-Slow) 24.02
Greed/Fear Indicator (GFI) 24.90
Moving Average Converg./Diverg. (MACD) -1.81
Trading Signals
Description Value Chart
Upper Bollinger Band 42.63
Parabolic System 42.08
50 Day Moving Average 41.49
20 Day Moving Average 40.13
Weekly Stochastic Crossing 39.68
Price 38.98
Daily Stochastic Crossing 38.84
Lower Bollinger Band 37.77
Sector and Industry
Description Name Rank
Sector Services 8
Industry Auto Dealerships 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.64
High Date 10/29/2018
Low 37.93
Low Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.64
High Date 10/29/2018
Low 37.93
Low Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.99
High Date 06/22/2018
Low 37.64
Low Date 10/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.02
High Date 01/26/2018
Low 37.64
Low Date 10/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.50
High Date 04/22/2015
Low 37.64
Low Date 10/12/2018
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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