AAP Technical Analysis - ADVANCE AUTO PARTS INC

Technical Rating and Analysis

Overall AAP gets a technical rating of 8 out of 10. In the last year, AAP was one of the better performers, but we do observe some doubts in the very recent evolution.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that AAP is one of the better performing stocks in the market, outperforming 84% of all stocks.

AAP is part of the Specialty Retail industry. There are 122 other stocks in this industry. AAP outperforms 79% of them.

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 2078400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month AAP has a been trading in the 55.56 - 65.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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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

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

52.17

63.20

When analyzing the support we notice one important area.

Support @52.70 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @62.57 from a horizontal line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for AAP is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AAP is neutral.
ChartMill Relative Strength	84.68	POSITIVE	AAP has a high relative strength, it outperformed 84.68% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of AAP is below 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	POSITIVE	The current price of AAP is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.44	NEUTRAL	The RSI value for AAP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.18	NEGATIVE	The MACD value suggests AAP has a negative trend.
Stochastics (14,3)	36.63	NEUTRAL	The Stochastics value for AAP is a neutral value.
Average True Range in percent/ATR (20)	3.64	MEDIUM VOLATILITY	The ATR as a percentage value for AAP suggests some volalility.
Average Directional Index/ADX (14)	13.47	NEGATIVE	The low ADX value for AAP suggests a weak or negative trend.