AZO Technical Analysis - AUTOZONE INC

Technical Rating and Analysis

Taking everything into account, AZO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AZO has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, AZO did better than 84% of all other stocks. On top of that, AZO also shows a nice and consistent pattern of rising prices.

AZO is part of the Specialty Retail industry. There are 121 other stocks in this industry. AZO outperforms 75% of them.

AZO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month AZO has a been trading in the 4023.75 - 4388.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although AZO has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3,439.34

4,275.63

We found 5 important support areas.

A support zone ranging from 3990.55 to 4086.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @3831.24 from a trend line in the weekly time frame.
A support zone ranging from 3609.49 to 3680.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3545.65 from a horizontal line in the daily time frame.
A support zone ranging from 3474.08 to 3483.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 AZO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AZO is up.
ChartMill Relative Strength	84.35	POSITIVE	AZO has a high relative strength, it outperformed 84.35% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AZO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AZO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AZO is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.86	NEUTRAL	The RSI value for AZO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.56	NEGATIVE	The MACD value suggests AZO has a negative trend.
Stochastics (14,3)	69.94	NEUTRAL	The Stochastics value for AZO is a neutral value.
Average True Range in percent/ATR (20)	1.61	LOW VOLATILITY	The low ATR as a percentage value for AZO suggests low volalility.
Average Directional Index/ADX (14)	45.57	POSITIVE	The high ADX value value for AZO suggests a strong trend.