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 4 out of 10. AAP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, AAP is a bad performer in the overall market: 68% of all stocks are doing better.
In the last month AAP has a been trading in the 30.84 - 50.04 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
AAP has an average volume of 2755480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
AAP is part of the Specialty Retail industry. There are 121 other stocks in this industry, AAP did better than 60% of them.
AAP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AAP is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AAP has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
30.01
50.30
When analyzing the support we notice one important area.
- Support @30.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.18 to 49.80. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for AAP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAP is neutral. |
| ChartMill Relative Strength | 32.2 | NEUTRAL | AAP is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of AAP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.75 | OVERBOUGHT | The high RSI value suggests AAP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.22 | POSITIVE | The MACD value suggests AAP has a positive trend. |
| Stochastics (14,3) | 58.25 | NEUTRAL | The Stochastics value for AAP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for AAP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for AAP suggests a possible start of a new 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)
49.17
+17.86 (+57.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg57.04%
1 Week42.85%
2 Weeks56.64%
1 Month49.27%
3 Month13.19%
6 Month20.54%
12 Month-29.32%
2 Year-32.54%
3 Year-74.1%
5 Year-64.71%
10 Year-67.91%
15 Year-5%
Volatility
ATR(14)2.67
ATR(20)%4.53%
ATR Inc737.01%
Range Today8.42
ADR(20)1.55
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.2
Mansfield0.47
10 Day High50.04
10 Day Low30.84
20 Day High50.04
20 Day Low30.84
52 Week High71.62
52 Week Low28.89
CS1 End30.31
CR1 Start49.18
Volume & EV
DER(3)-0.3%
DER(5)1.89%
Volume27.49M
Volume Incr343.93%
Vol(5)8.06M
Vol(50)2.76M