ADVANCE AUTO PARTS INC (AAP) Stock Technical Analysis
USA - NYSE:AAP - US00751Y1064 - Common Stock
We assign a technical rating of 1 out of 10 to AAP. 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.
The technical rating of AAP is bad and it also does not present a 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.
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46.65
When analyzing the support we notice one important area.
- A support zone ranging from 47.12 to 47.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @55.58 from a trend line in the daily time frame.
- Resistance @59.81 from a trend line in the weekly time frame.
- Resistance @61.90 from a trend line in the daily 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 | 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 | 59.52 | 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 | MIXED | The current price of AAP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.7 | NEUTRAL | The RSI value for AAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests AAP has a negative trend. |
| Stochastics (14,3) | 13.23 | OVERSOLD | The low Stochastics value suggests AAP may be oversold. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for AAP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.52 | NEGATIVE | The low ADX value for AAP suggests a weak or negative trend. |
48.09
+0.68 (+1.43%)
ADVANCE AUTO PARTS INC / AAP FAQ
What is the technical rating for AAP stock?
ChartMill assigns a technical rating of 1 / 10 to AAP.
What is the trend direction for AAP stock?
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 34.6968. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ADVANCE AUTO PARTS INC?
The MACD indicator for ADVANCE AUTO PARTS INC (AAP) has a value of -0.639406, indicating a bearish trend.