AUTOZONE INC (AZO) Technical Analysis
NYSE:AZO • US0533321024
Taking everything into account, AZO scores 3 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 long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, AZO outperforms 52% of them, which is more or less in line with the market.
- AZO is an average performer in the Specialty Retail industry, it outperforms 65% of 124 stocks in the same industry.
- AZO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AZO is lagging the market slightly.
- In the last month AZO has a been trading in the 3561.57 - 3887.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, AZO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3,196.12
We found 4 important support areas.
- Support @3605.03 from a horizontal line in the daily time frame.
- Support @3368.14 from a trend line in the weekly time frame.
- Support @3303.82 from a horizontal line in the weekly time frame.
- A support zone ranging from 3228.40 to 3244.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3633.59 to 3773.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3850.19 to 3882.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3967.95 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 | NEUTRAL | NEUTRAL | The short term trend for AZO is neutral. |
| ChartMill Relative Strength | 52.81 | 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) | UP | MIXED | The current price of AZO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AZO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.06 | NEUTRAL | The RSI value for AZO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -15.7 | NEGATIVE | The MACD value suggests AZO has a negative trend. |
| Stochastics (14,3) | 38.23 | NEUTRAL | The Stochastics value for AZO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for AZO suggests some volalility. |
| Average Directional Index/ADX (14) | 10.35 | NEGATIVE | The low ADX value for AZO suggests a weak or negative trend. |
AZO Technicals: Chart, Performance Metrics, Trend & Indicators
3614.27
-98.15 (-2.64%)
AUTOZONE INC / AZO FAQ
What is the technical rating for AZO stock?
ChartMill assigns a technical rating of 3 / 10 to AZO.
Can you provide the trend direction for AUTOZONE INC?
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 45.0617. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AUTOZONE INC?
The short term momentum for AUTOZONE INC (AZO) is neutral.
Can you provide the support and resistance levels for AUTOZONE INC?
AUTOZONE INC (AZO) has a support level at 3605.03 and a resistance level at 3633.59. Check the full technical report for our detailed analysis of AZO support and resistance levels.