LKQ Technical Analysis - LKQ CORP

Technical Rating and Analysis

Overall LKQ gets a technical rating of 0 out of 10. LKQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, LKQ is a bad performer in the overall market: 90% of all stocks are doing better.

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 3917310 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 29.77 - 32.97 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

The technical rating of LKQ is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.95

42.25

2 important support areas can be observed.

A support zone ranging from 30.53 to 30.81. 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 29.24 to 29.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 5 important resistance areas.

A resistance zone ranging from 32.54 to 32.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @33.91 from a trend line in the daily time frame.
Resistance @37.00 from a horizontal line in the daily time frame.
Resistance @38.88 from a trend line in the weekly time frame.
Resistance @41.83 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The short term trend for LKQ is down.
ChartMill Relative Strength	10.7	NEGATIVE	LKQ has a low relative strength, it was outperformed by 89.3% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LKQ is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of LKQ is below a declining 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)	41.3	NEUTRAL	The RSI value for LKQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests LKQ has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20.31	NEUTRAL	The Stochastics value for LKQ is a neutral value.
Average True Range in percent/ATR (20)	2.06	MEDIUM VOLATILITY	The ATR as a percentage value for LKQ suggests some volalility.
Average Directional Index/ADX (14)	20.34	NEUTRAL	The ADX value for LKQ suggests a possible start of a new trend.