ADVANCE AUTO PARTS INC (AAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AAP - US00751Y1064 - Common Stock
We assign a technical rating of 0 out of 10 to AAP. AAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of AAP 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.
More info and screens
38.49
We found 1 important support area.
- A support zone ranging from 38.88 to 38.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 41.26 to 41.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 48.31 to 48.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @49.43 from a trend line in the daily time frame.
- Resistance @57.37 from a trend line in the weekly time frame.
- Resistance @59.38 from a trend line in the daily time frame.
- Resistance @62.56 from a horizontal line in the weekly time frame.
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 AAP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AAP is down. |
| ChartMill Relative Strength | 13.39 | NEGATIVE | AAP has a low relative strength, it was outperformed by 86.61% 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) | DOWN | NEGATIVE | The current price of AAP is below a declining 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) | 29.13 | OVERSOLD | The low RSI value suggests AAP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests AAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.58 | OVERSOLD | The low Stochastics value suggests AAP may be oversold. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for AAP suggests high volalility. |
| Average Directional Index/ADX (14) | 38.85 | POSITIVE | The high ADX value value for AAP suggests a strong trend. |
38.89
-0.41 (-1.04%)
ADVANCE AUTO PARTS INC / AAP FAQ
What is the technical rating for AAP stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
Can you provide the RSI signal for ADVANCE AUTO PARTS INC?
ADVANCE AUTO PARTS INC (AAP) has an RSI value of 29.1302. This indicates that the stock is currently oversold.
What is the MACD signal for AAP stock?
The MACD indicator for ADVANCE AUTO PARTS INC (AAP) has a value of -0.283264, indicating a bearish trend.
What is the support and resistance level for AAP stock?
ADVANCE AUTO PARTS INC (AAP) has a support level at 38.88 and a resistance level at 41.26. Check the full technical report for our detailed analysis of AAP support and resistance levels.