|
|
|
|
S&P 500 Overbought StocksArchive
- 12/13/2024 -
Sign In to see current Signals. |
AutoZone Inc. (AZO) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 60.56 points, or 1.83%, and closed at 3370.00 on Friday, December 13, 2024. Weekly volume was 18% above average.
AZO is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought 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 3394.00 on December 11, 2024. AZO gained -2902.87 points, or -591.06%, in 385 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1014.38) 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 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 3394.00 on December 11, 2024. AZO gained -2709.09 points, or -395.54%, in 246 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 3163.54 and resistance is at 3615.92. 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 is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 3394.00 on December 11, 2024. AZO gained -495.43 points, or -17.09%, in 78 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (3083.61) 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 short-term trend.
 Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since November 26, 2024. This is an indication that the short-term trend is up.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
8 |
| Industry |
Specialty Stores |
86 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
2981.00 |
| Low Date |
11/01/2024 |
| High |
3394.00 |
| High Date |
12/11/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
3257.06 |
| Support |
3083.61 |
| Low |
2898.57 |
| Low Date |
09/24/2024 |
| High |
3394.00 |
| High Date |
12/11/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
2728.97 |
| Low Date |
06/03/2024 |
| High |
3394.00 |
| High Date |
12/11/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
3615.92 |
| Support |
3163.54 |
| Low |
684.91 |
| Low Date |
03/23/2020 |
| High |
3394.00 |
| High Date |
12/11/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
2536.79 |
| Support |
1014.38 |
| Low |
491.13 |
| Low Date |
07/20/2017 |
| High |
3394.00 |
| High Date |
12/11/2024 |
|
|