AAP Technical Analysis - ADVANCE AUTO PARTS INC

Technical Rating and Analysis

Overall AAP gets a technical rating of 1 out of 10. AAP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month AAP has a been trading in the 49.13 - 65.21 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

AAP has an average volume of 1827220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When compared to the yearly performance of all other stocks, AAP outperforms 62% of them, which is more or less in line with the market.

AAP is part of the Specialty Retail industry. There are 120 other stocks in this industry, AAP did better than 63% of them.

AAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAP is lagging the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ADVANCE AUTO PARTS INC / AAP Weekly stock chart

ADVANCE AUTO PARTS INC / AAP Daily stock chart

Setup Rating and Analysis

The technical rating of AAP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

48.98

63.60

When analyzing the support we notice one important area.

A support zone ranging from 49.47 to 49.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @62.97 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for AAP is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AAP is down.
ChartMill Relative Strength	62.25	NEUTRAL	AAP is not amongst the best or worst performers 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	POSITIVE	The current price of AAP is above the rising SMA(200).
Relative Strength Index/RSI (14)	27.4	OVERSOLD	The low RSI value suggests AAP may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.43	NEGATIVE	The MACD value suggests AAP has a negative trend.
Stochastics (14,3)	2.89	OVERSOLD	The low Stochastics value suggests AAP may be oversold.
Average True Range in percent/ATR (20)	5.04	HIGH VOLATILITY	The high ATR as a percentage value for AAP suggests high volalility.
Average Directional Index/ADX (14)	18.06	NEGATIVE	The low ADX value for AAP suggests a weak or negative trend.