The Greedy Trader Weekly Analysis
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Number of records: 2
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for downtrend resistance trend trading. Stock trend chart - following long term trend and downtrend resistance.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,downtrend resistance
AutoZone Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergenceBroken trend resistance line
Daily :Broken trend support lineWilliams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the AutoZone Inc. (AZO). During the week, the AZO dropped -18.46 points, or -2.23%, and closed at 809.07 on Friday, November 30, 2018. AZO was trading at average weekly trading volume.

Long-term trend: [See AZO long-term trend chart]
A long-term downtrend had started on July 11, 2016 at 819.54 and reached 491.13 on July 20, 2017. AZO lost 328.41 points, or 40.07%, in 53 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (672.99) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AZO may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term uptrend had started on July 20, 2017 at 491.13 and reached 842.10 on November 26, 2018. AZO gained -350.97 points, or -71.46%, in 70 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (714.22) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since November 9, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend 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 October 17, 2018 at 705.01 and reached 842.10 on November 26, 2018. AZO gained -137.09 points, or -19.45%, in 40 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (828.74) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish 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) 54.13
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 64.65
Greed/Fear Indicator (GFI) 67.67
Moving Average Converg./Diverg. (MACD) 16.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.12
Williams' Percentage Range (W%R) 9.20
Strong Overbought
Lane's Stochastic (%D-Slow) 77.64
Greed/Fear Indicator (GFI) 73.90
Moving Average Converg./Diverg. (MACD) 25.82 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 849.02
Upper Bollinger Band 848.53
Weekly Trendline Support 828.74
Daily Stochastic Crossing 825.96
Weekly Stochastic Crossing 823.35
Price 809.07
20 Day Moving Average 807.58
Parabolic System 796.14
Quarterly Trendline Resistance 794.03
Yearly Trendline Resistance 785.57
50 Day Moving Average 778.11
Lower Bollinger Band 762.47
Quarterly Trendline Support 714.22
Yearly Trendline Support 672.99
Sector and Industry
Description Name Rank
Sector Services 7
Industry Auto Parts Stores 149
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 842.10
High Date 11/26/2018
Low 804.57
Low Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 849.02
Support 828.74
Low 705.01
Low Date 10/17/2018
High 842.10
High Date 11/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 590.76
Low Date 04/20/2018
High 842.10
High Date 11/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 794.03
Support 714.22
Low 491.13
Low Date 07/20/2017
High 842.10
High Date 11/26/2018
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 785.57
Support 672.99
High 819.54
High Date 07/11/2016
Low 491.13
Low Date 07/20/2017
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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