The Greedy Trader Weekly Analysis
Sign In Dec 8, 2017
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
- 12/1/2017
Sign In to see current Signals.
AutoNation, Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is strongly overboughtRelative Strength Index bearish divergenceBroken trend resistance line
Daily :MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the AutoNation, Inc. (AN). During the week, the AN gained 2.46 points, or 4.68%, and closed at 55.04 on Friday, December 01, 2017. Weekly volume was -25% below average.

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 (37.39) 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 56.71 on November 30, 2017. AN gained -18.51 points, or -48.46%, in 26 weeks. The price is now at the 9.02% retracement level.

Weekly Technical Indicators: [See AN 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. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Relative Strength Index and Williams' Percentage Range help.

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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AN short-term trend chart]
A short-term uptrend had started on November 21, 2017 at 51.43 and reached 56.71 on November 30, 2017. AN gained -5.28 points, or -10.27%, in 9 days. The price is now at the 31.63% retracement level.

Daily Technical Indicators: [See AN daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence.

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

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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 69.45
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 75.12
Greed/Fear Indicator (GFI) 74.50
Moving Average Converg./Diverg. (MACD) 1.43 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.89
Bearish
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 77.30
Greed/Fear Indicator (GFI) 78.14
Moving Average Converg./Diverg. (MACD) 1.32
Trading Signals
Description Value Chart
Daily Stochastic Crossing 55.81
Price 55.04
Upper Bollinger Band 54.78
Weekly Stochastic Crossing 53.65
20 Day Moving Average 53.01
Parabolic System 51.33
Lower Bollinger Band 50.08
50 Day Moving Average 49.36
Yearly Trendline Resistance 47.23
Sector and Industry
Description Name Rank
Sector Services 4
Industry Auto Dealerships 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.43
Low Date 11/21/2017
High 56.71
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.92
Low Date 11/09/2017
High 56.71
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.42
Low Date 10/16/2017
High 56.71
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.20
Low Date 05/26/2017
High 56.71
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 47.23
Support 37.39
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.