AUTOZONE INC (AZO) Stock Technical Analysis
USA - NYSE:AZO - US0533321024 - Common Stock
Taking everything into account, AZO scores 1 out of 10 in our technical rating. AZO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of AZO is bad and it also does not present a 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
3,439.34
We found 3 important support areas.
- A support zone ranging from 3645.92 to 3674.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3541.69 to 3545.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3474.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @3680.78 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4097.97 to 4103.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4354.54 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 | NEUTRAL | NEUTRAL | The long term trend for AZO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AZO is down. |
| ChartMill Relative Strength | 62.68 | NEUTRAL | AZO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AZO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AZO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AZO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.35 | OVERSOLD | The low RSI value suggests AZO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -31.36 | NEGATIVE | The MACD value suggests AZO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.12 | OVERSOLD | The low Stochastics value suggests AZO may be oversold. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for AZO suggests some volalility. |
| Average Directional Index/ADX (14) | 34.74 | POSITIVE | The high ADX value value for AZO suggests a strong trend. |
3674.43
-31.2 (-0.84%)
AUTOZONE INC / AZO FAQ
What is the technical rating for AZO stock?
ChartMill assigns a technical rating of 1 / 10 to AZO.
What is the trend direction for AZO stock?
The current trend direction for AUTOZONE INC (AZO) is Bearish.
What is the RSI signal for AZO stock?
AUTOZONE INC (AZO) has an RSI value of 24.3484. This indicates that the stock is currently oversold.
Can you provide the MACD signal for AUTOZONE INC?
The MACD indicator for AUTOZONE INC (AZO) has a value of -31.3636, indicating a bearish trend.
What are the support and resistance levels for AUTOZONE INC (AZO) stock?
AUTOZONE INC (AZO) has a support level at 3674.42 and a resistance level at 3680.78. Check the full technical report for our detailed analysis of AZO support and resistance levels.