AutoZone Inc. (AZO)
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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.