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.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

AutoZone Inc. (AZO)

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fifth consecutive positive week for the AutoZone Inc. (AZO). During the week, the AZO climbed 9.58 points, or 0.83%, and closed at 1165.86 on Friday, November 8, 2019. Weekly volume was -53% below average.

Long-term trend: [See AZO long-term trend chart]
A long-term uptrend had started on April 20, 2018 at 590.76 and reached 1186.60 on July 16, 2019. AZO gained -595.84 points, or -100.86%, in 64 weeks. Price is near the trend high.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term uptrend had started on August 13, 2019 at 1032.60 and reached 1180.49 on September 19, 2019. AZO gained -147.89 points, or -14.32%, in 5 weeks. The price is now at the 9.89% retracement level.

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

The weekly MACD line is below its signal line since August 2, 2019. The distance between MACD and the signal line is low and getting smaller. 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 October 3, 2019 at 1039.74 and reached 1170.24 on November 7, 2019. AZO gained -130.50 points, or -12.55%, in 35 days. Price is near the trend high.

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

The daily MACD line is above its signal line since October 11, 2019. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.76
Williams' Percentage Range (W%R) 3.80
Strong Overbought
Lane's Stochastic (%D-Slow) 82.21
Overbought Bearish
Greed/Fear Indicator (GFI) 84.05
Overbought
Moving Average Converg./Diverg. (MACD) 13.11 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.39
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 56.35
Greed/Fear Indicator (GFI) 66.71
Moving Average Converg./Diverg. (MACD) 35.81
Trading Signals
Description Value Chart
Upper Bollinger Band 1185.49
Price 1165.86
Daily Stochastic Crossing 1164.30
Parabolic System 1141.45
Weekly Stochastic Crossing 1130.84
20 Day Moving Average 1130.43
50 Day Moving Average 1117.38
Lower Bollinger Band 1083.45
Sector and Industry
Description Name Rank
Sector Services 7
Industry Auto Parts Stores 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1090.78
Low Date 10/23/2019
High 1170.24
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1039.74
Low Date 10/03/2019
High 1170.24
High Date 11/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1032.60
Low Date 08/13/2019
High 1180.49
High Date 09/19/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 590.76
Low Date 04/20/2018
High 1186.60
High Date 07/16/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 491.13
Low Date 07/20/2017
High 1186.60
High Date 07/16/2019
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.

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