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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- 1/2/2026 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergence
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It was the negative week for the AutoZone Inc. (AZO). During the week, the AZO dropped -144.88 points, or -4.20%, and closed at 3303.82 on Friday, January 2, 2026. Weekly volume was -8% below average.

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 (1085.10) 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 (3601.05) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AZO may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

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 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 3285.16 on January 2, 2026. AZO lost 201.04 points, or 5.77%, in 10 days. The price is now at the 9.28% retracement level.

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

The daily MACD line is below its signal line since December 31, 2025. 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) 32.05
Bullish
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 38.49
Bullish
Greed/Fear Indicator (GFI) 28.63
Moving Average Converg./Diverg. (MACD) -103.84 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.07
Williams' Percentage Range (W%R) 91.80
Strong Oversold
Lane's Stochastic (%D-Slow) 20.96
Greed/Fear Indicator (GFI) 21.38
Moving Average Converg./Diverg. (MACD) 16.39
Trading Signals
Description Value Chart
Upper Bollinger Band 3786.28
50 Day Moving Average 3676.91
Quarterly Trendline Support 3601.05
20 Day Moving Average 3483.67
Parabolic System 3474.58
Weekly Stochastic Crossing 3383.73
Daily Stochastic Crossing 3350.37
Price 3303.82
Lower Bollinger Band 3211.95
Yearly Trendline Resistance 2799.07
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Specialty Stores 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 3486.20
High Date 12/23/2025
Low 3285.16
Low Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3996.25
High Date 12/01/2025
Low 3285.16
Low Date 01/02/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 4388.11
High Date 09/11/2025
Low 3285.16
Low Date 01/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 4088.86
Support 3601.05
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 2799.07
Support 1085.10
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.