The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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AutoZone Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergence
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It was a third consecutive positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 45.42 points, or 7.18%, and closed at 678.40 on Friday, December 01, 2017. Weekly volume was 48% above average.

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 price is now at the 57.02% retracement level.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term uptrend had started on July 20, 2017 at 491.13 and reached 703.51 on November 30, 2017. AZO gained -212.38 points, or -43.24%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (586.35) 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 1, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 November 24, 2017 at 629.69 and reached 703.51 on November 30, 2017. AZO gained -73.82 points, or -11.72%, in 6 days. The price is now at the 34.02% retracement level.

Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is above its signal line since November 14, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.93
Overbought
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 83.01
Overbought Bearish
Greed/Fear Indicator (GFI) 84.73
Overbought
Moving Average Converg./Diverg. (MACD) 15.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.85
Overbought
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 86.07
Overbought Bearish
Greed/Fear Indicator (GFI) 82.16
Overbought
Moving Average Converg./Diverg. (MACD) -16.85
Trading Signals
Description Value Chart
Upper Bollinger Band 693.95
Daily Stochastic Crossing 690.02
Weekly Stochastic Crossing 686.73
Price 678.40
Parabolic System 667.89
Quarterly Trendline Resistance 643.37
20 Day Moving Average 628.58
50 Day Moving Average 606.79
Quarterly Trendline Support 586.35
Lower Bollinger Band 576.84
Sector and Industry
Description Name Rank
Sector Services 4
Industry Auto Parts Stores 100
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 629.69
Low Date 11/24/2017
High 703.51
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 629.69
Low Date 11/24/2017
High 703.51
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 560.82
Low Date 10/26/2017
High 703.51
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 643.37
Support 586.35
Low 491.13
Low Date 07/20/2017
High 703.51
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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