AUTOZONE INC (AZO) Technical Analysis
NYSE:AZO • US0533321024
Taking everything into account, AZO scores 5 out of 10 in our technical rating. AZO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- 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 where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, AZO outperforms 57% of them, which is more or less in line with the market.
- AZO is an average performer in the Specialty Retail industry, it outperforms 66% 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 currently trading near new highs, so AZO is lagging the market.
Although the technical rating is only medium, AZO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3710.61, a Stop Loss order could be placed below this zone.
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3,196.12
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3688.78 to 3710.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3605.03 to 3624.35. This zone is formed by a combination of multiple trend lines and important moving averages 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 3737.40 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 3858.16 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 | 57.11 | NEUTRAL | AZO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AZO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AZO is above 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) | 51.25 | NEUTRAL | The RSI value for AZO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -12.75 | NEGATIVE | The MACD value suggests AZO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.9 | NEUTRAL | The Stochastics value for AZO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for AZO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.45 | NEGATIVE | The low ADX value for AZO suggests a weak or negative trend. |
AZO Technicals: Chart, Performance Metrics, Trend & Indicators
3726.02
+53.34 (+1.45%)
AUTOZONE INC / AZO FAQ
What is the technical rating for AZO stock?
ChartMill assigns a technical rating of 5 / 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 51.2544. 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 3710.61 and a resistance level at 3737.4. Check the full technical report for our detailed analysis of AZO support and resistance levels.