The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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AutoZone Inc. (AZO) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBroken trend resistance line
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It was the negative week for the AutoZone Inc. (AZO). During the week, the AZO dropped -39.56 points, or -1.33%, and closed at 2945.98 on Friday, April 26, 2024. Weekly volume was -7% below average.

Long-term trend: [See AZO long-term trend chart]
A long-term uptrend had started on July 20, 2017 at 491.13 and reached 3242.19 on March 22, 2024. AZO gained -2751.06 points, or -560.15%, in 348 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (971.18) 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 3242.19 on March 22, 2024. AZO gained -2557.28 points, or -373.37%, in 208 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2783.40 and resistance is at 3227.10. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since January 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 22, 2024 at 3242.19 and reached 2851.42 on April 25, 2024. AZO lost 390.77 points, or 12.05%, in 34 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (2847.74) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.44
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 62.59
Greed/Fear Indicator (GFI) 39.33
Moving Average Converg./Diverg. (MACD) -20.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.94
Williams' Percentage Range (W%R) 42.00
Lane's Stochastic (%D-Slow) 65.81
Greed/Fear Indicator (GFI) 59.70
Moving Average Converg./Diverg. (MACD) 119.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 3227.10
Upper Bollinger Band 3164.73
Weekly Stochastic Crossing 3084.28
50 Day Moving Average 3020.36
20 Day Moving Average 3015.15
Parabolic System 3004.83
Daily Stochastic Crossing 2951.74
Price 2945.98
Weekly Trendline Resistance 2925.94
Weekly Trendline Support 2847.74
Lower Bollinger Band 2837.99
Quarterly Trendline Support 2783.40
Yearly Trendline Resistance 2376.61
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Specialty Stores 62
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 3005.00
High Date 04/18/2024
Low 2851.42
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 2925.94
Support 2847.74
High 3242.19
High Date 03/22/2024
Low 2851.42
Low Date 04/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2277.88
Low Date 05/31/2023
High 3242.19
High Date 03/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 3227.10
Support 2783.40
Low 684.91
Low Date 03/23/2020
High 3242.19
High Date 03/22/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 2376.61
Support 971.18
Low 491.13
Low Date 07/20/2017
High 3242.19
High Date 03/22/2024
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.