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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- 4/2/2026 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second positive week after 3 consecutive negative weeks for the AutoZone Inc. (AZO). During the week, the AZO gained 83.83 points, or 2.53%, and closed at 3400.54 on Thursday, April 2, 2026. It was the best weekly gain since February 13, 2026. Weekly volume was -28% 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 3210.72 on January 6, 2026. AZO lost 1177.39 points, or 26.83%, in 16 weeks. The price is now at the 16.12% retracement level.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term downtrend had started on February 13, 2026 at 3887.03 and reached 3281.23 on March 20, 2026. AZO lost 605.80 points, or 15.59%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (3079.91) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 13, 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 uptrend had started on March 20, 2026 at 3281.23 and reached 3444.22 on April 1, 2026. AZO gained -162.99 points, or -4.97%, in 12 days. The price is now at the 26.80% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.97
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 55.02
Greed/Fear Indicator (GFI) 39.18
Moving Average Converg./Diverg. (MACD) -80.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.34
Williams' Percentage Range (W%R) 75.10
Lane's Stochastic (%D-Slow) 38.64
Greed/Fear Indicator (GFI) 38.63
Moving Average Converg./Diverg. (MACD) -53.60
Trading Signals
Description Value Chart
Upper Bollinger Band 3734.95
50 Day Moving Average 3622.15
20 Day Moving Average 3459.49
Weekly Stochastic Crossing 3453.79
Price 3400.54
Daily Stochastic Crossing 3395.98
Weekly Trendline Resistance 3351.33
Parabolic System 3290.98
Lower Bollinger Band 3181.46
Weekly Trendline Support 3079.91
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Specialty Stores 36
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3281.23
Low Date 03/20/2026
High 3444.22
High Date 04/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 3351.33
Support 3079.91
High 3887.03
High Date 02/13/2026
Low 3281.23
Low Date 03/20/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3210.72
Low Date 01/06/2026
High 3887.03
High Date 02/13/2026
Quarterly Trend
Yearly Trend
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
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.