AUTOZONE INC (AZO) Technical Analysis
NYSE:AZO • US0533321024
Current stock price
AZO Technical Rating and Analysis
Overall AZO gets a technical rating of 0 out of 10. AZO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 72% of all other stocks performed better in the past year than AZO.
- AZO is currently trading in the lower part 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.
- AZO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- AZO is an average performer in the Specialty Retail industry, it outperforms 52% of 124 stocks in the same industry.
AZO Weekly and Daily overview Charts
AZO Setup Rating and Analysis
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. There is very little resistance above the current price. There is a support zone below the current price at 3303.82, a Stop Loss order could be placed below this zone.
More info and screens
AZO Support and Resistance Analysis
3,196.12
We found 1 important support area.
- A support zone ranging from 3228.40 to 3303.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @3689.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 3785.64 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.
AZO 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 | DOWN | NEGATIVE | The long term trend for AZO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AZO is down. |
| ChartMill Relative Strength | 28.38 | NEGATIVE | AZO has a low relative strength, it was outperformed by 71.62% off all stocks 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) | DOWN | NEGATIVE | The current price of AZO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.53 | NEUTRAL | The RSI value for AZO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 10.31 | POSITIVE | The MACD value suggests AZO has a positive trend. |
| Stochastics (14,3) | 49.87 | NEUTRAL | The Stochastics value for AZO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for AZO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.62 | NEGATIVE | The low ADX value for AZO suggests a weak or negative trend. |
AZO Chart- and CandleStick Pattern Analysis
AZO Technicals: Chart, Performance Metrics, Trend & Indicators
3438.35
+37.81 (+1.11%)
AUTOZONE INC / AZO TA FAQ
What is the technical rating for AZO stock?
ChartMill assigns a technical rating of 0 / 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 AUTOZONE INC (AZO) stock?
AUTOZONE INC (AZO) has an RSI value of 46.5253. This indicates that the stock is currently neutral.
What is the MACD signal for AUTOZONE INC (AZO) stock?
The MACD indicator for AUTOZONE INC (AZO) has a value of 10.3104, indicating a bullish trend.
What is the buy/sell signal for AZO stock?
The buy/sell signal for AUTOZONE INC (AZO) is sell as both the short term and long term trends are negative.