The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Archive
- 2/9/2018
Sign In to see current Signals.
AutoNation, Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the AutoNation, Inc. (AN). During the week, the AN dropped -3.21 points, or -5.61%, and closed at 54.02 on Friday, February 09, 2018. Weekly volume was 12% above average.

AN 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 AN long-term trend chart]
A long-term downtrend had started on April 22, 2015 at 67.50 and reached 38.20 on May 26, 2017. AN lost 29.30 points, or 43.41%, in 109 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (37.08) 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 long-term trend.

Medium-term trend: [See AN medium-term trend chart]
A medium-term uptrend had started on May 26, 2017 at 38.20 and reached 62.02 on January 26, 2018. AN gained -23.82 points, or -62.36%, in 35 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (54.88) 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. AN 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 medium-term trend.

Weekly Technical Indicators: [See AN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 23, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 26, 2018 at 62.02 and reached 51.61 on February 9, 2018. AN lost 10.41 points, or 16.78%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since January 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 28.68
Williams' Percentage Range (W%R) 82.30
Oversold
Lane's Stochastic (%D-Slow) 13.56
Oversold
Greed/Fear Indicator (GFI) 19.97
Oversold
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.57
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 73.38
Greed/Fear Indicator (GFI) 59.60
Moving Average Converg./Diverg. (MACD) 2.94
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 62.79
Upper Bollinger Band 62.33
Weekly Stochastic Crossing 58.72
Parabolic System 58.63
20 Day Moving Average 57.87
50 Day Moving Average 55.63
Quarterly Trendline Support 54.88
Price 54.02
Daily Stochastic Crossing 53.30
Lower Bollinger Band 50.66
Yearly Trendline Resistance 45.72
Sector and Industry
Description Name Rank
Sector Services 9
Industry Auto Dealerships 72
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 62.02
High Date 01/26/2018
Low 51.61
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.02
High Date 01/26/2018
Low 51.61
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.02
High Date 01/26/2018
Low 51.61
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 62.79
Support 54.88
Low 38.20
Low Date 05/26/2017
High 62.02
High Date 01/26/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 45.72
Support 37.08
High 67.50
High Date 04/22/2015
Low 38.20
Low Date 05/26/2017
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.

Copyright© 2004-2016 All rights reserved.