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Specialty Stores Industry Stocks Technical Analysis - AZO

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- 3/21/2025 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtOversold sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal line
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It was a first positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 51.00 points, or 1.43%, and closed at 3606.00 on Friday, March 21, 2025. AZO was trading at average weekly trading volume.

AZO is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AZO long-term trend chart]
A long-term uptrend had started on July 20, 2017 at 491.13 and reached 3704.00 on March 10, 2025. AZO gained -3212.87 points, or -654.18%, in 398 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1031.92) 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 3704.00 on March 10, 2025. AZO gained -3019.09 points, or -440.80%, in 259 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 3303.77 and resistance is at 3756.15. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 6, 2024. This is an indication that the medium-term trend is up. 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 3704.00 on March 10, 2025. AZO gained -805.43 points, or -27.79%, in 167 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 3309.03 and resistance is at 3711.34. 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 technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.26
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 53.43
Greed/Fear Indicator (GFI) 60.78
Moving Average Converg./Diverg. (MACD) 52.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.50
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 81.21
Overbought
Greed/Fear Indicator (GFI) 75.10
Moving Average Converg./Diverg. (MACD) 98.83
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 3756.15
Weekly Trendline Resistance 3711.34
Upper Bollinger Band 3702.88
Parabolic System 3661.13
Weekly Stochastic Crossing 3633.66
Price 3606.00
Daily Stochastic Crossing 3564.42
Monthly Trendline Resistance 3545.50
20 Day Moving Average 3539.10
50 Day Moving Average 3430.28
Lower Bollinger Band 3379.06
Weekly Trendline Support 3309.03
Quarterly Trendline Support 3303.77
Monthly Trendline Support 3213.91
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Specialty Stores 87
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 3162.00
Low Date 01/16/2025
High 3704.00
High Date 03/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 3711.34
Support 3309.03
Low 2898.57
Low Date 09/24/2024
High 3704.00
High Date 03/10/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 3545.50
Support 3213.91
Low 2728.97
Low Date 06/03/2024
High 3704.00
High Date 03/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 3756.15
Support 3303.77
Low 684.91
Low Date 03/23/2020
High 3704.00
High Date 03/10/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 2601.86
Support 1031.92
Low 491.13
Low Date 07/20/2017
High 3704.00
High Date 03/10/2025
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.