LKQ finds support at 100-day moving average
LKQ Corporation (LKQ) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
LKQ finished the week -1.5% lower at 32.78 after losing $0.22 (-0.67%) today on high volume. Today's closing price of 32.78 marks the lowest close since July 11th. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (LKQ as at Sep 14, 2018):
Friday's trading range was $0.59 (1.78%), that's above last trading month's daily average range of $0.50. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 32.46. Prices are trading close to the key resistance level at 33.05. After trading as low as 32.51 during the day, the share found support at the 100-day moving average at 32.57.
LKQ Corporation shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.