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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- 6/20/2025 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is oversold
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It was a first positive week after 3 consecutive negative weeks for the AutoZone Inc. (AZO). During the week, the AZO climbed 12.73 points, or 0.35%, and closed at 3655.33 on Friday, June 20, 2025. Weekly volume was 24% above 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 3917.00 on April 3, 2025. AZO gained -3425.87 points, or -697.55%, in 402 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1048.66) 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 3917.00 on April 3, 2025. AZO gained -3232.09 points, or -471.90%, in 262 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 3437.52 and resistance is at 3889.90. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 June 6, 2025. 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 September 24, 2024 at 2898.57 and reached 3917.00 on April 3, 2025. AZO gained -1018.43 points, or -35.14%, in 191 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 3520.19 and resistance is at 4004.70. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

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. 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 daily MACD line is below its signal line since May 27, 2025.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.70
Williams' Percentage Range (W%R) 87.90
Oversold
Lane's Stochastic (%D-Slow) 27.23
Greed/Fear Indicator (GFI) 25.69
Moving Average Converg./Diverg. (MACD) -13.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.00
Williams' Percentage Range (W%R) 49.90
Lane's Stochastic (%D-Slow) 59.32
Greed/Fear Indicator (GFI) 53.02
Moving Average Converg./Diverg. (MACD) 136.09
Trading Signals
Description Value Chart
Weekly Trendline Resistance 4004.70
Quarterly Trendline Resistance 3889.90
Upper Bollinger Band 3815.28
Parabolic System 3735.39
Weekly Stochastic Crossing 3734.22
20 Day Moving Average 3703.51
50 Day Moving Average 3696.69
Price 3655.33
Daily Stochastic Crossing 3613.77
Lower Bollinger Band 3553.59
Weekly Trendline Support 3520.19
Quarterly Trendline Support 3437.52
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Specialty Stores 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 3910.00
High Date 05/21/2025
Low 3565.99
Low Date 06/16/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 4004.70
Support 3520.19
Low 2898.57
Low Date 09/24/2024
High 3917.00
High Date 04/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2728.97
Low Date 06/03/2024
High 3917.00
High Date 04/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 3889.90
Support 3437.52
Low 684.91
Low Date 03/23/2020
High 3917.00
High Date 04/03/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 2663.93
Support 1048.66
Low 491.13
Low Date 07/20/2017
High 3917.00
High Date 04/03/2025
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.