ADVANCE AUTO PARTS INC (AAP) Stock Technical Analysis
NYSE:AAP - New York Stock Exchange, Inc. - US00751Y1064 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
AAP is one of the better performing stocks in the Specialty Retail industry, it outperforms 85% of 122 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.
AAP has an average volume of 3594380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AAP did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month AAP has a been trading in the 44.81 - 70.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although AAP has an excellent technical rating, it does not offer a high 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
30.57
63.20
We found 4 important support areas.
- A support zone ranging from 57.79 to 58.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.43 from a trend line in the weekly time frame.
- Support @32.23 from a trend line in the daily time frame.
- Support @30.88 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.22 to 62.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 88.92 | POSITIVE | AAP has a high relative strength, it outperformed 88.92% 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) | 54.33 | NEUTRAL | The RSI value for AAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests AAP has a negative trend. |
| Stochastics (14,3) | 56.68 | NEUTRAL | The Stochastics value for AAP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for AAP suggests high volalility. |
| Average Directional Index/ADX (14) | 42.05 | POSITIVE | The high ADX value value for AAP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
58.68
-0.97 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.63%
1 Week-4.01%
2 Weeks-6.2%
1 Month26.79%
3 Month78.47%
6 Month21.14%
12 Month-3.42%
2 Year-21.12%
3 Year-69.69%
5 Year-60.92%
10 Year-66.32%
15 Year9.62%
Volatility
ATR(14)3.63
ATR(20)%5.75%
ATR Inc139.91%
Range Today3.91
ADR(20)3.35
ADR(20)%5.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.92
Mansfield2.21
10 Day High70
10 Day Low56.34
20 Day High70
20 Day Low44.81
52 Week High70
52 Week Low28.89
CS1 End58.67
CR1 Start62.22
Volume & EV
DER(3)-0.26%
DER(5)-0.79%
Volume3.07M
Volume Incr8.03%
Vol(5)3.39M
Vol(50)3.59M