AAP closes within previous day's range

Advance Auto Parts Inc W/I (AAP) Technical Analysis Report for Jul 31, 2020 | by Techniquant Editorial Team


AAP closes within previous day's range


AAP finished the month 5.4% higher at 150.14 after losing $2.73 (-1.79%) today, notably underperforming the S&P 500 (0.77%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range.

Daily Candlestick Chart (AAP as at Jul 31, 2020):

Daily technical analysis candlestick chart for Advance Auto Parts Inc W/I (AAP) as at Jul 31, 2020

Friday's trading range has been $5.80 (3.8%), that's far above the last trading month's daily average range of $3.85. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for AAP.

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

Selling might accelerate should prices move below the close-by swing low at 145.95 where further sell stops could get activated.

Market Conditions for AAP as at Jul 31, 2020

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