The Greedy Trader Weekly Analysis
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S&P 500 Oversold Stocks

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- 7/24/2026 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldBullish Piercing Line CandlestickPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the AutoZone Inc. (AZO). During the week, the AZO dropped -89.03 points, or -2.92%, and closed at 2957.41 on Friday, July 24, 2026. It was the worst weekly loss since May 29, 2026. Weekly volume was -32% below average.

Long-term trend: [See AZO long-term trend chart]
A long-term downtrend had started on September 11, 2025 at 4388.11 and reached 2902.20 on July 23, 2026. AZO lost 1485.91 points, or 33.86%, in 45 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 2768.03 and resistance is at 3182.05. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term downtrend had started on February 13, 2026 at 3887.03 and reached 2902.20 on July 23, 2026. AZO lost 984.83 points, or 25.34%, in 22 weeks. The price is now at the 5.61% retracement level.

Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 8, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AZO short-term trend chart]
A short-term downtrend had started on July 21, 2026 at 3133.79 and reached 2902.20 on July 23, 2026. AZO lost 231.59 points, or 7.39%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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

Candlestick pattern: [See AZO candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.98
Williams' Percentage Range (W%R) 93.80
Strong Oversold
Lane's Stochastic (%D-Slow) 22.15
Greed/Fear Indicator (GFI) 26.10
Moving Average Converg./Diverg. (MACD) -39.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.74
Williams' Percentage Range (W%R) 97.60
Strong Oversold
Lane's Stochastic (%D-Slow) 17.51
Oversold
Greed/Fear Indicator (GFI) 20.21
Moving Average Converg./Diverg. (MACD) -139.56 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 3198.19
Yearly Trendline Resistance 3182.05
50 Day Moving Average 3110.73
Parabolic System 3091.10
20 Day Moving Average 3054.61
Weekly Stochastic Crossing 2964.07
Price 2957.41
Daily Stochastic Crossing 2950.83
Lower Bollinger Band 2872.80
Yearly Trendline Support 2768.03
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Specialty Stores 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 3133.79
High Date 07/21/2026
Low 2902.20
Low Date 07/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3133.79
High Date 07/21/2026
Low 2902.20
Low Date 07/23/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3239.14
High Date 07/01/2026
Low 2902.20
Low Date 07/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3887.03
High Date 02/13/2026
Low 2902.20
Low Date 07/23/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 3182.05
Support 2768.03
High 4388.11
High Date 09/11/2025
Low 2902.20
Low Date 07/23/2026
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.