ADVANCE AUTO PARTS INC (AAP) Stock Technical Analysis
NYSE:AAP - New York Stock Exchange, Inc. - US00751Y1064 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to AAP. Although AAP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month AAP has a been trading in the 31.28 - 53.60 range, which is quite wide. It is currently trading near the high of this range.
AAP has an average volume of 3016110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AAP turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
AAP is part of the Specialty Retail industry. There are 121 other stocks in this industry, AAP did better than 65% 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.
Considerably lower volume is observed in the last couple of days.
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
30.01
53.79
3 important support areas can be observed.
- A support zone ranging from 48.22 to 48.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.94 from a trend line in the daily time frame.
- 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 52.51 to 53.26. 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 | 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 | 50.2 | NEUTRAL | AAP is not amongst the best or worst performers 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) | 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) | 57.19 | NEUTRAL | The RSI value for AAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.84 | NEGATIVE | The MACD value suggests AAP has a negative trend. |
| Stochastics (14,3) | 21.06 | NEUTRAL | The Stochastics value for AAP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for AAP suggests high volalility. |
| Average Directional Index/ADX (14) | 35.4 | 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)
48.55
+0.32 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.66%
1 Week-5.76%
2 Weeks-6.06%
1 Month42.13%
3 Month29.6%
6 Month11.56%
12 Month-26.17%
2 Year-30.94%
3 Year-71.95%
5 Year-65.92%
10 Year-69.52%
15 Year-3.25%
Volatility
ATR(14)1.73
ATR(20)%6.23%
ATR Inc-50.61%
Range Today1.24
ADR(20)2.47
ADR(20)%5.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.2
Mansfield0.49
10 Day High53.6
10 Day Low47.8
20 Day High53.6
20 Day Low31.28
52 Week High66.08
52 Week Low28.89
CS1 End48.46
CR1 Start52.51
Volume & EV
DER(3)-1.46%
DER(5)-2.02%
Volume1.84M
Volume Incr-58.07%
Vol(5)1.90M
Vol(50)3.02M