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 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AAP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
AAP is part of the Specialty Retail industry. There are 122 other stocks in this industry. AAP outperforms 89% of them.
AAP is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AAP has a been trading in the 44.81 - 66.48 range, which is quite wide. It is currently trading near the high of this range.
AAP has an average volume of 3493570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AAP did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although AAP has an excellent technical rating, the quality of the presented setup is not ideal 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
30.57
66.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 61.08 to 61.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.43 to 55.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.88 from a horizontal 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 | 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 | 92.75 | POSITIVE | AAP has a high relative strength, it outperformed 92.75% 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) | 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) | 77.17 | OVERBOUGHT | The high RSI value suggests AAP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests AAP has a positive trend. |
| Stochastics (14,3) | 92.7 | OVERBOUGHT | The high Stochastics value suggests AAP may be overbought. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for AAP suggests some volalility. |
| Average Directional Index/ADX (14) | 44.01 | 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)
65.63
+2.83 (+4.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg4.51%
1 Week5.18%
2 Weeks17.81%
1 Month26.38%
3 Month99.6%
6 Month35.49%
12 Month8.02%
2 Year-11.78%
3 Year-66.1%
5 Year-56.29%
10 Year-62.33%
15 Year22.6%
Volatility
ATR(14)2.93
ATR(20)%4.5%
ATR Inc35.58%
Range Today4.68
ADR(20)2.83
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.75
Mansfield3.79
10 Day High66.48
10 Day Low55.75
20 Day High66.48
20 Day Low44.81
52 Week High66.48
52 Week Low28.89
CS1 End61.79
CR1 StartN/A
Volume & EV
DER(3)-0.59%
DER(5)-1.41%
Volume2.90M
Volume Incr-26.52%
Vol(5)2.27M
Vol(50)3.49M