LKQ Technical Analysis (NASDAQ:LKQ)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the LKQ stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the LKQ stock chart which creates a trading signal.
See LKQ bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for LKQ stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
LKQ Moving Average:
Moving averages help predict the price direction of LKQ stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $19.47 is below the price of $31.88.
LKQ Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of LKQ stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of LKQ bollinger bands.
LKQ Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The LKQ MACD indicator can be used to identify bullish and bearish trends for the stock.
LKQ Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of LKQ stock is 62.5. .