ADVANCE AUTO PARTS INC (AAP) Technical Analysis
NYSE:AAP • US00751Y1064
Current stock price
AAP Technical Rating and Analysis
Overall AAP gets a technical rating of 9 out of 10. Both in the recent history as in the last year, AAP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- AAP is one of the better performing stocks in the Specialty Retail industry, it outperforms 90% of 123 stocks in the same industry.
- AAP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AAP is lagging the market slightly.
- In the last month AAP has a been trading in the 50.42 - 60.94 range, which is quite wide. It is currently trading near the high of this range.
- AAP has an average volume of 1676200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that AAP is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AAP Weekly and Daily overview Charts
AAP Setup Rating and Analysis
AAP has an excellent technical rating, but the quality of the setup is only medium 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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AAP Support and Resistance Analysis
42.23
We found 2 important support areas.
- A support zone ranging from 50.71 to 51.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @58.39 from a trend line in the weekly time frame.
- Resistance @62.57 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for AAP is up. |
| ChartMill Relative Strength | 90.15 | POSITIVE | AAP has a high relative strength, it outperformed 90.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAP is above the rising 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 | POSITIVE | The current price of AAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.47 | NEUTRAL | The RSI value for AAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests AAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.1 | OVERBOUGHT | The high Stochastics value suggests AAP may be overbought. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for AAP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for AAP suggests a possible start of a new trend. |
AAP Chart- and CandleStick Pattern Analysis
AAP Technicals: Chart, Performance Metrics, Trend & Indicators
58.16
-1.45 (-2.43%)
ADVANCE AUTO PARTS INC / AAP TA FAQ
What is the technical rating for AAP stock?
ChartMill assigns a technical rating of 9 / 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.
What is the RSI signal for AAP stock?
ADVANCE AUTO PARTS INC (AAP) has an RSI value of 60.4657. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ADVANCE AUTO PARTS INC?
The buy/sell signal for ADVANCE AUTO PARTS INC (AAP) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ADVANCE AUTO PARTS INC?
ADVANCE AUTO PARTS INC (AAP) has a support level at 51.15 and a resistance level at 58.39. Check the full technical report for our detailed analysis of AAP support and resistance levels.