The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 6/18/2026 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :
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It was the negative week for the AutoZone Inc. (AZO). During the week, the AZO dropped -51.82 points, or -1.66%, and closed at 3064.48 on Thursday, June 18, 2026. Weekly volume was 262% above average.

AZO is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AZO long-term trend chart]
A long-term downtrend had started on September 11, 2025 at 4388.11 and reached 2928.11 on June 1, 2026. AZO lost 1460.00 points, or 33.27%, in 37 weeks. The price is now at the 9.34% retracement level.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term downtrend had started on May 1, 2026 at 3729.82 and reached 2928.11 on June 1, 2026. AZO lost 801.71 points, or 21.49%, in 4 weeks. The price is now at the 17.01% retracement level.

Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 8, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AZO short-term trend chart]
A short-term downtrend had started on June 10, 2026 at 3177.12 and reached 3037.32 on June 17, 2026. AZO lost 139.80 points, or 4.40%, in 7 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 8, 2026. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.35
Williams' Percentage Range (W%R) 72.70
Lane's Stochastic (%D-Slow) 44.78
Greed/Fear Indicator (GFI) 45.14
Moving Average Converg./Diverg. (MACD) -85.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.93
Williams' Percentage Range (W%R) 83.80
Oversold
Lane's Stochastic (%D-Slow) 18.41
Oversold
Greed/Fear Indicator (GFI) 26.58
Moving Average Converg./Diverg. (MACD) -99.95
Trading Signals
Description Value Chart
Upper Bollinger Band 3378.68
50 Day Moving Average 3345.12
20 Day Moving Average 3105.10
Daily Stochastic Crossing 3091.14
Weekly Stochastic Crossing 3074.21
Price 3064.48
Parabolic System 3003.09
Lower Bollinger Band 2915.09
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry Specialty Stores 26
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 3177.12
High Date 06/10/2026
Low 3037.32
Low Date 06/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3729.82
High Date 05/01/2026
Low 2928.11
Low Date 06/01/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3887.03
High Date 02/13/2026
Low 2928.11
Low Date 06/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 4388.11
High Date 09/11/2025
Low 2928.11
Low Date 06/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 491.13
Low Date 07/20/2017
High 4388.11
High Date 09/11/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.