Fri 20'th Apr 2018
LKQ Corporation Stock Analysis
Technical stock analysis for Fri 20'th Apr 2018
LKQ Corporation fell by -0.98% in the last day from $38.63 to $38.25 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 0.18% gain for the last 2 weeks. Volume has increased in the last day by 0.43 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.51 million shares bought and sold for approximately $57.73 million.
|Shorts||2.44% ( 2018-03-29 )|
|Loans||9 161.4 mill|
LKQ Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.42% during the next 3 months and, with 90% probability hold a price between $31.58 and $35.01 at the end of this period.
There are few to none technical positive signals at the moment. LKQ Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $38.61 and $38.57. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday April 18, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
LKQ Corporation finds support from accumulated volume at $38.23. On the upside the stock meets some resistance just above today's level from accumulated volume at $39.33, $39.55 and $40.53.
The stock is about to test the resistance from accumulated volume at $39.33 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.65 (1.70%) between high and low. For the last week, the stock has had a daily average volatility of 1.86%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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LKQ Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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