ASTRAZENECA PLC-SPONS ADR (AZN) Stock Technical Analysis
NYSE:AZN • US0463531089
We assign a technical rating of 10 out of 10 to AZN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AZN is showing a nice and steady performance.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, AZN did better than 98% of all other stocks.
- AZN is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. AZN outperforms 93% of them.
- AZN 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 AZN has a been trading in the 89.04 - 206.71 range, which is quite wide. It is currently trading near the high of this range.
- AZN has an average volume of 6341740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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 very little resistance above the current price.
More info and screens
88.92
When analyzing the support we notice one important area.
- Support @89.82 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 AZN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AZN is up. |
| ChartMill Relative Strength | 98.71 | POSITIVE | AZN has a high relative strength, it outperformed 98.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AZN is above 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) | 87.8 | OVERBOUGHT | The high RSI value suggests AZN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.51 | POSITIVE | The MACD value suggests AZN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.22 | OVERBOUGHT | The high Stochastics value suggests AZN may be overbought. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for AZN suggests some volalility. |
| Average Directional Index/ADX (14) | 50.92 | 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 |
|---|---|---|---|
| 206.72 | 183.62 | 23.10 (11.17%) | 8.95% |
| An entry @206.72. This is a Buy Stop order right above the 10 day high. | An exit @183.62. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 23.10 points, which is 11.17%. | For a 1.00% total portfolio risk, you can invest 8.95% 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.
205.55
+1.03 (+0.5%)
ASTRAZENECA PLC-SPONS ADR / AZN FAQ
Can you provide the ChartMill technical rating for ASTRAZENECA PLC-SPONS ADR?
ChartMill assigns a technical rating of 10 / 10 to AZN.
What is the trend direction for AZN stock?
The current trend direction for ASTRAZENECA PLC-SPONS ADR (AZN) is Bullish.
What is the RSI signal for ASTRAZENECA PLC-SPONS ADR (AZN) stock?
ASTRAZENECA PLC-SPONS ADR (AZN) has an RSI value of 87.8032. This indicates that the stock is currently overbought.
What is the MACD signal for AZN stock?
The MACD indicator for ASTRAZENECA PLC-SPONS ADR (AZN) has a value of 6.51301, indicating a bullish trend.
What are the support and resistance levels for ASTRAZENECA PLC-SPONS ADR (AZN) stock?
ASTRAZENECA PLC-SPONS ADR (AZN) has a support level at 89.82. Check the full technical report for our detailed analysis of AZN support and resistance levels.