LKQ Technical Analysis - LKQ CORP

Technical Rating and Analysis

Taking everything into account, LKQ scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. LKQ was also a bad performer in the overall market in the last year.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

83% of all other stocks performed better in the past year than LKQ.

LKQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

LKQ has an average volume of 3222690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

LKQ is part of the Distributors industry. There are 22 other stocks in this industry, LKQ did better than 52% of them.

In the last month LKQ has a been trading in the 28.41 - 31.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, LKQ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 30.15, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.39

42.09

When analyzing the support we can see 2 important areas.

A support zone ranging from 29.24 to 30.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 28.68 to 28.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 32.51 to 32.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @38.33 from a trend line in the weekly time frame.
Resistance @41.67 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for LKQ is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LKQ is neutral.
ChartMill Relative Strength	17.85	NEGATIVE	LKQ has a low relative strength, it was outperformed by 82.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LKQ is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of LKQ is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LKQ is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.7	NEUTRAL	The RSI value for LKQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests LKQ has a positive trend.
Stochastics (14,3)	55.07	NEUTRAL	The Stochastics value for LKQ is a neutral value.
Average True Range in percent/ATR (20)	2.11	MEDIUM VOLATILITY	The ATR as a percentage value for LKQ suggests some volalility.
Average Directional Index/ADX (14)	19.03	NEGATIVE	The low ADX value for LKQ suggests a weak or negative trend.