AAP breaks below previous session low


Advance Auto Parts (AAP) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

AAP closes below its opening price unable to hold early session gains
AAP breaks below previous session low
AAP ends the day indecisive

Overview

AAP ended the week 1.15% higher at 146.35 after losing $1.44 (-0.97%) today on high volume. Trading $1.07 higher after the open, Advance Auto was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 146.46, the share confirms its breakout through the previous session's low having traded $1.34 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (AAP as at Aug 10, 2018):

Daily technical analysis candlestick chart for Advance Auto Parts (AAP) as at Aug 10, 2018

Friday's trading range was $2.79 (1.9%), that's slightly above last trading month's daily average range of $2.65. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying might accelerate should prices move above the close-by swing high at 148.70 where further buy stops could get activated.


Market Conditions for AAP as at Aug 10, 2018

Loading Market Conditions for AAP (Advance Auto Parts)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Advance Auto Parts traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!