Taking everything into account, AZN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AZN has proven to be a steady performer, scoring decent points in every aspect analyzed.
AZN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 92.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.10, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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61.64
4 important support areas can be observed.
- A support zone ranging from 90.08 to 91.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 79.98 to 82.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.68 from a trend line in the weekly time frame.
- Support @62.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 92.72 to 93.32. 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 AZN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AZN is up. |
| ChartMill Relative Strength | 89.36 | POSITIVE | AZN has a high relative strength, it outperformed 89.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AZN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AZN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AZN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.53 | NEUTRAL | The RSI value for AZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests AZN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.83 | OVERBOUGHT | The high Stochastics value suggests AZN may be overbought. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for AZN suggests low volalility. |
| Average Directional Index/ADX (14) | 25.45 | POSITIVE | The high ADX value value for AZN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 93.33 | 90.07 | 3.26 (3.49%) | 25.00% |
| An entry @93.33. This is a Buy Stop order right above the resistance zone. | An exit @90.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.26 points, which is 3.49%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
92.45
+0.31 (+0.34%)
ASTRAZENECA PLC-SPONS ADR / AZN FAQ
What is the technical rating for AZN stock?
ChartMill assigns a technical rating of 10 / 10 to AZN.
What is the current trend direction of ASTRAZENECA PLC-SPONS ADR (AZN) stock?
The current trend direction for ASTRAZENECA PLC-SPONS ADR (AZN) is Bullish.
Can you provide the RSI signal for ASTRAZENECA PLC-SPONS ADR?
ASTRAZENECA PLC-SPONS ADR (AZN) has an RSI value of 60.5332. This indicates that the stock is currently neutral.
What is the short term momentum for AZN stock?
The short term momentum for ASTRAZENECA PLC-SPONS ADR (AZN) is positive.
Can you provide the support and resistance levels for ASTRAZENECA PLC-SPONS ADR?
ASTRAZENECA PLC-SPONS ADR (AZN) has a support level at 91.1 and a resistance level at 92.72. Check the full technical report for our detailed analysis of AZN support and resistance levels.