AUTOZONE INC (AZO) Stock Technical Analysis
NYSE:AZO - New York Stock Exchange, Inc. - US0533321024 - Common Stock - Currency: USD
Taking everything into account, AZO scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AZO is only an average performer.
Although the technical rating is only medium, AZO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3826.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3676.58, a Stop Loss order could be placed below this zone.
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3,164.64
We found 4 important support areas.
- A support zone ranging from 3609.49 to 3676.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3474.08 to 3545.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3378.53 from a trend line in the weekly time frame.
- Strong support @3196.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3826.46 to 3880.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for AZO is neutral. |
| ChartMill Relative Strength | 68.18 | NEUTRAL | AZO is not amongst the best or worst performers 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 | MIXED | The current price of AZO is below 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) | 51.2 | NEUTRAL | The RSI value for AZO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 11.82 | POSITIVE | The MACD value suggests AZO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.2 | OVERBOUGHT | The high Stochastics value suggests AZO may be overbought. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for AZO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for AZO suggests a weak or negative 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 |
|---|---|---|---|
| 3,795.24 | 3,609.48 | 185.76 (4.89%) | 20.43% |
| An entry @3795.24. This is a Buy Stop order right above the 10 day high. | An exit @3609.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 185.76 points, which is 4.89%. | For a 1.00% total portfolio risk, you can invest 20.43% 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.
3705.64
-22.84 (-0.61%)