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Downtrend Broken Resist.Archive
- 10/16/2026 -
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AutoZone Inc. (AZO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 180.74 points, or 6.15%, and closed at 3120.59 on Friday, October 16, 2026. It was the best weekly gain since June 5, 2026. Weekly volume was -16% below average.
 Long-term trend: [See AZO long-term trend chart]
A long-term downtrend had started on September 11, 2025 at 4388.11 and reached 2730.65 on October 5, 2026. AZO lost 1657.46 points, or 37.77%, in 55 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (2683.56) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AZO may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See AZO medium-term trend chart]
A medium-term downtrend had started on February 13, 2026 at 3887.03 and reached 2730.65 on October 5, 2026. AZO lost 1156.38 points, or 29.75%, in 33 weeks. The price is now at the 33.72% retracement level.
 Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since October 2, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See AZO short-term trend chart]
A short-term uptrend had started on October 12, 2026 at 2877.88 and reached 3146.00 on October 16, 2026. AZO gained -268.12 points, or -9.32%, in 4 days. The price is now at the 9.48% retracement level.
 Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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