AZO Technical Analysis - AUTOZONE INC

Technical Rating and Analysis

Overall AZO gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month AZO has a been trading in the 3969.59 - 4388.11 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

Looking at the yearly performance, AZO did better than 81% of all other stocks. We also observe that the gains produced by AZO over the past year are nicely spread over this period.

AZO is one of the better performing stocks in the Specialty Retail industry, it outperforms 76% of 122 stocks in the same industry.

AZO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AZO is lagging the market slightly.

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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

AZO has an excellent technical rating, but the quality of the setup is only medium 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

4,398.09

4 important support areas can be observed.

Support @3886.68 from a trend line in the weekly time frame.
A support zone ranging from 3671.84 to 3680.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @3609.49 from a horizontal line in the weekly time frame.
A support zone ranging from 3474.08 to 3545.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 4322.15 to 4354.54. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The short term trend for AZO is neutral.
ChartMill Relative Strength	81.04	POSITIVE	AZO has a high relative strength, it outperformed 81.04% 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)	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)	41.27	NEUTRAL	The RSI value for AZO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-15.52	NEGATIVE	The MACD value suggests AZO has a negative trend.
Stochastics (14,3)	52.02	NEUTRAL	The Stochastics value for AZO is a neutral value.
Average True Range in percent/ATR (20)	2.5	MEDIUM VOLATILITY	The ATR as a percentage value for AZO suggests some volalility.
Average Directional Index/ADX (14)	20.64	NEUTRAL	The ADX value for AZO suggests a possible start of a new trend.