The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/16/2026 -
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Genuine Parts (GPC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 136.56
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the Genuine Parts (GPC). During the week, the GPC gained 6.94 points, or 5.46%, and closed at 133.96 on Friday, October 16, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -38% below average.

Long-term trend: [See GPC long-term trend chart]
A long-term downtrend had started on December 2, 2022 at 187.73 and reached 90.78 on May 20, 2026. GPC lost 96.95 points, or 51.64%, in 180 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (136.56). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See GPC medium-term trend chart]
A medium-term uptrend had started on May 20, 2026 at 90.78 and reached 139.89 on August 26, 2026. GPC gained -49.11 points, or -54.10%, in 14 weeks. The price is now at the 12.07% retracement level.

Weekly Technical Indicators: [See GPC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since June 18, 2026. 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 GPC short-term trend chart]
A short-term uptrend had started on October 8, 2026 at 123.85 and reached 135.50 on October 15, 2026. GPC gained -11.65 points, or -9.41%, in 7 days. The price is now at the 13.22% retracement level.

Daily Technical Indicators: [See GPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.29% on Friday. It is 51.59% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 64.51
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 90.62
Strong Overbought
Greed/Fear Indicator (GFI) 81.30
Overbought
Moving Average Converg./Diverg. (MACD) -0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.51
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 42.44
Greed/Fear Indicator (GFI) 62.17
Moving Average Converg./Diverg. (MACD) 3.50
Trading Signals
Description Value Chart
Yearly Trendline Resistance 136.56
Upper Bollinger Band 134.80
Daily Stochastic Crossing 134.17
Price 133.96
50 Day Moving Average 132.15
Weekly Stochastic Crossing 129.56
20 Day Moving Average 128.52
Parabolic System 126.20
Lower Bollinger Band 125.02
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Specialty Stores 95
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 123.85
Low Date 10/08/2026
High 135.50
High Date 10/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.85
Low Date 10/08/2026
High 135.50
High Date 10/15/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.89
High Date 08/26/2026
Low 123.85
Low Date 10/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.78
Low Date 05/20/2026
High 139.89
High Date 08/26/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 136.56
Support 85.22
High 187.73
High Date 12/02/2022
Low 90.78
Low Date 05/20/2026
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.