LKQ finds support at 100-day moving average
LKQ Corporation (LKQ) Technical Analysis Report for Sep 14, 2018
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for LKQ Corporation
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|2 Consecutive Lower Closes||TQ Pro Members Only|
|Close near low of period||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Bearish Break through SMA 100||TQ Pro Members Only|
|Strong Down Move||TQ Pro Members Only|
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