ADVANCE AUTO PARTS INC (AAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AAP - US00751Y1064 - Common Stock
Overall AAP gets a technical rating of 1 out of 10. AAP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 82% of all other stocks performed better in the past year than AAP.
- AAP is part of the Specialty Retail industry. There are 121 other stocks in this industry, of which 65% are performing better than AAP.
- In the last month AAP has a been trading in the 37.89 - 44.32 range, which is quite wide. It is currently trading near the high of this range.
- AAP has an average volume of 1675680 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 currently trading near new highs, so AAP is lagging the market.
Although the technical rating is bad, AAP does present a nice setup opportunity. Prices have been consolidating lately.
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38.35
When analyzing the support we notice one important area.
- A support zone ranging from 38.74 to 39.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 43.85 to 43.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 46.20 to 46.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.39 from a trend line in the daily time frame.
- Resistance @49.37 from a trend line in the daily time frame.
- Resistance @56.76 from a trend line in the weekly 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 | 18.36 | NEGATIVE | AAP has a low relative strength, it was outperformed by 81.64% 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) | 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) | 49.22 | NEUTRAL | The RSI value for AAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests AAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.43 | NEUTRAL | The Stochastics value for AAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for AAP suggests some volalility. |
| Average Directional Index/ADX (14) | 24.78 | NEUTRAL | The ADX value for AAP suggests a possible start of a new trend. |
43.2
+0.48 (+1.12%)
ADVANCE AUTO PARTS INC / AAP FAQ
What is the technical rating for AAP stock?
ChartMill assigns a technical rating of 1 / 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 49.2192. 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 0.664985, indicating a bearish trend.
What is the support and resistance level for AAP stock?
ADVANCE AUTO PARTS INC (AAP) has a support level at 39.18 and a resistance level at 43.85. Check the full technical report for our detailed analysis of AAP support and resistance levels.