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Downtrend Broken Resist.Archive
- 4/19/2024 -
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LKQ Corporation (LKQ) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the LKQ Corporation (LKQ). During the week, the LKQ gave back -0.13 points, or -0.26%, and closed at 49.12 on Friday, April 19, 2024. LKQ was trading at average weekly trading volume.
 Long-term trend: [See LKQ long-term trend chart]
A long-term downtrend had started on July 12, 2023 at 59.38 and reached 41.49 on October 26, 2023. LKQ lost 17.89 points, or 30.13%, in 15 weeks. The price is now at the 42.65% 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See LKQ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See LKQ short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 53.68 and reached 47.85 on April 17, 2024. LKQ lost 5.83 points, or 10.86%, in 20 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See LKQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (49.44) comes close to the price (49.12). It indicates that the trend is getting weaker. 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 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.
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