ADVANCE AUTO PARTS INC (AAP) Technical Analysis
NYSE:AAP • US00751Y1064
Current stock price
AAP Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to AAP. In the last year, AAP was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, AAP did better than 88% of all other stocks.
- AAP is part of the Specialty Retail industry. There are 124 other stocks in this industry. AAP outperforms 88% of them.
- AAP has an average volume of 1981140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AAP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AAP is lagging the market slightly.
- In the last month AAP has a been trading in the 48.80 - 57.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AAP Weekly and Daily overview Charts
AAP Setup Rating and Analysis
Besides having an excellent technical rating, AAP also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 52.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.78, a Stop Loss order could be placed below this zone.
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AAP Support and Resistance Analysis
41.07
2 important support areas can be observed.
- A support zone ranging from 50.13 to 51.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 52.26 to 53.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 58.50 to 59.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
AAP 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 | UP | POSITIVE | The long term trend for AAP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAP is neutral. |
| ChartMill Relative Strength | 88.02 | POSITIVE | AAP has a high relative strength, it outperformed 88.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AAP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.27 | NEUTRAL | The RSI value for AAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests AAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.71 | NEUTRAL | The Stochastics value for AAP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for AAP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for AAP suggests a weak or negative trend. |
AAP Chart- and CandleStick Pattern Analysis
AAP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.26 | 50.12 | 3.14 (5.90%) | 16.96% |
| An entry @53.26. This is a Buy Stop order right above the resistance zone. | An exit @50.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.14 points, which is 5.90%. | For a 1.00% total portfolio risk, you can invest 16.96% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AAP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AAP Technicals: Chart, Performance Metrics, Trend & Indicators
51.92
-1.27 (-2.39%)
ADVANCE AUTO PARTS INC / AAP TA FAQ
What is the technical rating for AAP stock?
ChartMill assigns a technical rating of 7 / 10 to AAP.
Can you provide the trend direction for ADVANCE AUTO PARTS INC?
The current trend direction for ADVANCE AUTO PARTS INC (AAP) is Bullish.
Can you provide the RSI signal for ADVANCE AUTO PARTS INC?
ADVANCE AUTO PARTS INC (AAP) has an RSI value of 49.2736. This indicates that the stock is currently neutral.
What is the MACD signal for AAP stock?
The MACD indicator for ADVANCE AUTO PARTS INC (AAP) has a value of -0.232104, indicating a bearish trend.
What is the support and resistance level for AAP stock?
ADVANCE AUTO PARTS INC (AAP) has a support level at 51.78 and a resistance level at 52.26. Check the full technical report for our detailed analysis of AAP support and resistance levels.