The Greedy Trader Weekly Analysis
Sign In Aug 10, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   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
• 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
AutoNation, Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the AutoNation, Inc. (AN). During the week, the AN gained 1.32 points, or 2.87%, and closed at 47.26 on Friday, August 03, 2018. It was the best weekly gain since June 8, 2018. Weekly volume was 22% above average.

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 chart has formed a Falling Pennant chart pattern. The trend support level is at 44.30 and resistance is at 49.14. A Falling 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 Falling Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Pennant pattern in a long-term trend.

Medium-term trend: [See AN medium-term trend chart]
A medium-term uptrend had started on May 1, 2018 at 42.95 and reached 51.99 on June 22, 2018. AN gained -9.04 points, or -21.05%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (51.28) is broken. A broken support is considered to be a long-term bearish 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 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 15, 2018. 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 June 22, 2018 at 51.99 and reached 45.11 on August 1, 2018. AN lost 6.88 points, or 13.23%, in 40 days. The chart has formed a Falling Channel chart pattern.

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

The daily MACD line is below its signal line since June 26, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 41.69
Williams' Percentage Range (W%R) 74.60
Lane's Stochastic (%D-Slow) 47.97
Greed/Fear Indicator (GFI) 38.36
Moving Average Converg./Diverg. (MACD) -0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.30
Williams' Percentage Range (W%R) 60.80
Lane's Stochastic (%D-Slow) 45.40
Greed/Fear Indicator (GFI) 45.13
Moving Average Converg./Diverg. (MACD) -0.45
Trading Signals
Description Value Chart
Weekly Trendline Resistance 56.05
Weekly Trendline Support 51.28
Upper Bollinger Band 50.34
Quarterly Trendline Resistance 49.14
Parabolic System 48.77
50 Day Moving Average 48.37
20 Day Moving Average 48.05
Weekly Stochastic Crossing 47.97
Price 47.26
Daily Stochastic Crossing 47.05
Lower Bollinger Band 45.35
Quarterly Trendline Support 44.30
Sector and Industry
Description Name Rank
Sector Services 7
Industry Auto Dealerships 76
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 51.99
High Date 06/22/2018
Low 45.11
Low Date 08/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 56.05
Support 51.28
Low 42.95
Low Date 05/01/2018
High 51.99
High Date 06/22/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 Falling Pennant
Status Valid
Resistance 49.14
Support 44.30
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.

Copyright© 2004-2016 All rights reserved.