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.

Archive
- 1/9/2026 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 117.35 points, or 3.55%, and closed at 3421.17 on Friday, January 9, 2026. It was the best weekly gain since November 14, 2025. Weekly volume was 74% 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 uptrend had started on July 20, 2017 at 491.13 and reached 4388.11 on September 11, 2025. AZO gained -3896.98 points, or -793.47%, in 425 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1086.45) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 uptrend had started on March 23, 2020 at 684.91 and reached 4388.11 on September 11, 2025. AZO gained -3703.20 points, or -540.68%, in 285 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (3611.16) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since October 10, 2025. The distance between MACD and the signal line is near its high and getting bigger. 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 December 23, 2025 at 3486.20 and reached 3210.72 on January 6, 2026. AZO lost 275.48 points, or 7.90%, in 14 days. The price is now at the 76.39% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.47
Williams' Percentage Range (W%R) 69.00
Lane's Stochastic (%D-Slow) 37.38
Greed/Fear Indicator (GFI) 39.27
Moving Average Converg./Diverg. (MACD) -105.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.67
Williams' Percentage Range (W%R) 92.10
Strong Oversold
Lane's Stochastic (%D-Slow) 13.60
Oversold
Greed/Fear Indicator (GFI) 19.70
Oversold
Moving Average Converg./Diverg. (MACD) -5.57
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 4098.97
50 Day Moving Average 3622.84
Quarterly Trendline Support 3611.16
Upper Bollinger Band 3566.00
Price 3421.17
20 Day Moving Average 3394.59
Daily Stochastic Crossing 3305.02
Lower Bollinger Band 3296.87
Weekly Stochastic Crossing 3291.64
Parabolic System 3207.51
Yearly Trendline Resistance 2804.08
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry Specialty Stores 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 3486.20
High Date 12/23/2025
Low 3210.72
Low Date 01/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3996.25
High Date 12/01/2025
Low 3210.72
Low Date 01/06/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 4388.11
High Date 09/11/2025
Low 3210.72
Low Date 01/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 4098.97
Support 3611.16
Low 684.91
Low Date 03/23/2020
High 4388.11
High Date 09/11/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 2804.08
Support 1086.45
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.