The Greedy Trader Weekly Analysis
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Archive
- 11/9/2018
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AutoZone Inc.
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Summary:
Weekly :Overbought sectorOverbought industryWilliams' Percentage Range is strongly overboughtTrend resistance at 786.36
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a third consecutive positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 33.38 points, or 4.39%, and closed at 793.87 on Friday, November 09, 2018. Weekly volume was -32% below average.

AZO is a member of Services Sector. Services is the second most overbought sector. AZO is a member of Auto Parts Stores Industry. Auto Parts Stores is the ninth most overbought industry. 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 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 chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (786.36). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term uptrend had started on April 20, 2018 at 590.76 and reached 802.22 on November 8, 2018. AZO gained -211.46 points, or -35.79%, in 28 weeks. Price is near the trend high.

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.

The weekly MACD line is below its signal line since October 19, 2018. The distance between MACD and the signal line is low and getting smaller. 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 October 17, 2018 at 705.01 and reached 802.22 on November 8, 2018. AZO gained -97.21 points, or -13.79%, in 22 days. The price is now at the 8.59% retracement level.

Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 1, 2018. 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) 75.78
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 94.18
Strong Overbought
Greed/Fear Indicator (GFI) 88.90
Overbought
Moving Average Converg./Diverg. (MACD) 0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.52
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 59.30
Greed/Fear Indicator (GFI) 70.12
Moving Average Converg./Diverg. (MACD) 23.97
Trading Signals
Description Value Chart
Upper Bollinger Band 814.02
Daily Stochastic Crossing 797.98
Price 793.87
Yearly Trendline Resistance 786.36
50 Day Moving Average 762.31
Parabolic System 758.37
Weekly Stochastic Crossing 757.21
20 Day Moving Average 753.92
Lower Bollinger Band 714.03
Yearly Trendline Support 665.61
Sector and Industry
Description Name Rank
Sector Services 8
Industry Auto Parts Stores 155
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 731.17
Low Date 11/01/2018
High 802.22
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 705.01
Low Date 10/17/2018
High 802.22
High Date 11/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 590.76
Low Date 04/20/2018
High 802.22
High Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 491.13
Low Date 07/20/2017
High 802.22
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 786.36
Support 665.61
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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