The Greedy Trader Weekly Analysis
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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.

Downtrend Broken Resist.

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- 4/5/2024 -
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LKQ Corporation (LKQ) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldLane's Stochastic bullish divergenceThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the LKQ Corporation (LKQ). During the week, the LKQ dropped -1.94 points, or -3.63%, and closed at 51.47 on Friday, April 5, 2024. It was the worst weekly loss since October 27, 2023. Weekly volume was -37% below average.

Long-term trend: [See LKQ long-term trend chart]
A long-term downtrend had started on January 3, 2022 at 60.43 and reached 41.49 on October 26, 2023. LKQ lost 18.94 points, or 31.34%, in 94 weeks. The price is now at the 52.69% retracement level.

Medium-term trend: [See LKQ medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 41.49 and reached 53.68 on March 28, 2024. LKQ gained -12.19 points, or -29.38%, in 22 weeks. The price is now at the 18.13% retracement level.

Weekly Technical Indicators: [See LKQ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See LKQ short-term trend chart]
A short-term uptrend had started on March 11, 2024 at 51.06 and reached 53.68 on March 28, 2024. LKQ gained -2.62 points, or -5.13%, in 17 days. The price is now at the 84.35% retracement level.

Daily Technical Indicators: [See LKQ daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 49.70
Williams' Percentage Range (W%R) 90.30
Strong Oversold
Lane's Stochastic (%D-Slow) 32.86
Bullish
Greed/Fear Indicator (GFI) 30.75
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.31
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 82.70
Overbought
Greed/Fear Indicator (GFI) 72.03
Moving Average Converg./Diverg. (MACD) -0.25
Trading Signals
Description Value Chart
Parabolic System 53.46
Upper Bollinger Band 53.36
Weekly Stochastic Crossing 52.59
20 Day Moving Average 52.12
Daily Stochastic Crossing 51.48
Price 51.47
Lower Bollinger Band 50.61
50 Day Moving Average 50.59
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Distributors 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.06
Low Date 03/11/2024
High 53.68
High Date 03/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.49
Low Date 10/26/2023
High 53.68
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.38
High Date 07/12/2023
Low 41.49
Low Date 10/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.43
High Date 01/03/2022
Low 41.49
Low Date 10/26/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.31
Low Date 03/23/2020
High 60.43
High Date 01/03/2022
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.