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|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.