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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
Archive
- 5/18/2018
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AutoNation, Inc.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was a first positive week for the AutoNation, Inc. (AN). During the week, the AN climbed 0.19 points, or 0.41%, and closed at 46.21 on Friday, May 18, 2018. Weekly volume was -30% below 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 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 price is now at the 66.37% retracement level.

Medium-term trend: [See AN medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 62.02 and reached 42.95 on May 1, 2018. AN lost 19.07 points, or 30.75%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (42.37) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AN may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since February 9, 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 May 8, 2018 at 48.30 and reached 45.55 on May 14, 2018. AN lost 2.75 points, or 5.69%, in 6 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 is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since April 3, 2018. The distance between MACD and the signal line is low, but 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.

The distance between the Bollinger Bands (5.11%) is close to one year low (4.81%). It is 60.18% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.14
Williams' Percentage Range (W%R) 17.40
Overbought
Lane's Stochastic (%D-Slow) 41.38
Greed/Fear Indicator (GFI) 58.05
Moving Average Converg./Diverg. (MACD) -0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.00
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 32.36
Greed/Fear Indicator (GFI) 32.69
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Upper Bollinger Band 47.91
50 Day Moving Average 47.24
Daily Stochastic Crossing 46.66
20 Day Moving Average 46.60
Price 46.21
Monthly Trendline Resistance 45.83
Lower Bollinger Band 45.56
Parabolic System 45.56
Weekly Stochastic Crossing 44.89
Monthly Trendline Support 42.37
Sector and Industry
Description Name Rank
Sector Services 9
Industry Auto Dealerships 86
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.30
High Date 05/08/2018
Low 45.55
Low Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.95
Low Date 05/01/2018
High 48.30
High Date 05/08/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 45.83
Support 42.37
High 62.02
High Date 01/26/2018
Low 42.95
Low Date 05/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.20
Low Date 05/26/2017
High 62.02
High Date 01/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.

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