AZN Technical Analysis - ASTRAZENECA PLC-SPONS ADR

Technical Rating and Analysis

Overall AZN gets a technical rating of 8 out of 10. Although AZN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

AZN 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 AZN is lagging the market slightly.

AZN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

AZN has an average volume of 4378400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, AZN outperforms 47% of them, which is more or less in line with the market.

AZN is an average performer in the Pharmaceuticals industry, it outperforms 55% of 196 stocks in the same industry.

In the last month AZN has a been trading in a tight range between 78.30 and 82.41.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ASTRAZENECA PLC-SPONS ADR / AZN Weekly stock chart

ASTRAZENECA PLC-SPONS ADR / AZN Daily stock chart

Setup Rating and Analysis

Although AZN 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

61.27

82.93

4 important support areas can be observed.

Support @71.14 from a trend line in the daily time frame.
A support zone ranging from 68.72 to 69.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @64.44 from a horizontal line in the daily time frame.
Support @61.89 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 80.47 to 82.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 AZN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AZN is up.
ChartMill Relative Strength	47.48	NEUTRAL	AZN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of AZN is below the rising 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)	52.96	NEUTRAL	The RSI value for AZN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.34	NEGATIVE	The MACD value suggests AZN has a negative trend.
Stochastics (14,3)	39.77	NEUTRAL	The Stochastics value for AZN is a neutral value.
Average True Range in percent/ATR (20)	1.36	LOW VOLATILITY	The low ATR as a percentage value for AZN suggests low volalility.
Average Directional Index/ADX (14)	31.33	POSITIVE	The high ADX value value for AZN suggests a strong trend.