Aptiv PLC - (APTV) - July 28, 2021 (Daily Stock Charts)

by SIACharts.com

 

 

Auto parts producer Aptiv (APTV) continues its steady climb back up the rankings in the SIA S&P 500 Index Report recently returning to the Green Favored Zone for the first time since March. Yesterday, the shares finished in 92nd place, up 7 spots on the day and up 60 places in the last month.

Aptiv (APTV) has been trending sideways in a range between $135 and $160 for most of this year consolidating gains made back in 2020. Recently the shares have been bumping up against the top of this zone. A close above $160 would resolve the rectangle to the upside, complete a bullish ascending triangle and signal the start of a new advance.

On a breakout, measured moves from various points within the triangle suggest potential upside resistance near $165, $180 and $185 on trend. Initial support appears at the 50-day moving average near $153.

 

Since completing a High Pole rally back in February, Aptiv (APTV) shares have remained under accumulation, continuing to establish higher lows and complete bullish patterns. Yesterday, the shares closed above $158.40, but they need to close above $161.60 to complete a bullish Triple Top pattern and signal the start of a new advance.

Next potential upside resistance appears in the $185.60 to $193.10 zone where several vertical and horizontal counts cluster then the $200.00 to $204.90 area between a round number and a vertical count. Initial support appears near $146.35 based on a 3-box reversal.

With a bullish SMAX score of 7, APTV is exhibiting strength against the asset classes.

 

Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.

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