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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- 9/18/2026 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldMACD bullish divergencePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the AutoZone Inc. (AZO). During the week, the AZO gave back -21.44 points, or -0.75%, and closed at 2855.31 on Friday, September 18, 2026. Weekly volume was 51% above 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 2815.00 on September 18, 2026. AZO lost 1573.11 points, or 35.85%, in 53 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 2723.91 and resistance is at 2970.75. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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 2815.00 on September 18, 2026. AZO lost 1072.03 points, or 27.58%, in 31 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 September 14, 2026 at 2973.99 and reached 2815.00 on September 18, 2026. AZO lost 158.99 points, or 5.35%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since August 19, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.47
Williams' Percentage Range (W%R) 95.60
Strong Oversold
Lane's Stochastic (%D-Slow) 20.61
Greed/Fear Indicator (GFI) 21.17
Moving Average Converg./Diverg. (MACD) -35.83 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.48
Williams' Percentage Range (W%R) 98.90
Strong Oversold
Lane's Stochastic (%D-Slow) 20.80
Greed/Fear Indicator (GFI) 22.45
Moving Average Converg./Diverg. (MACD) -149.72 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 3042.51
50 Day Moving Average 2996.86
Yearly Trendline Resistance 2970.75
20 Day Moving Average 2936.31
Parabolic System 2923.83
Weekly Stochastic Crossing 2873.62
Price 2855.31
Daily Stochastic Crossing 2828.01
Lower Bollinger Band 2818.87
Yearly Trendline Support 2723.91
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry Specialty Stores 92
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2973.99
High Date 09/14/2026
Low 2815.00
Low Date 09/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3160.00
High Date 08/19/2026
Low 2815.00
Low Date 09/18/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3172.07
High Date 07/29/2026
Low 2815.00
Low Date 09/18/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3887.03
High Date 02/13/2026
Low 2815.00
Low Date 09/18/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 2970.75
Support 2723.91
High 4388.11
High Date 09/11/2025
Low 2815.00
Low Date 09/18/2026
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.