The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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AutoZone Inc.
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Summary:
Weekly :Overbought sectorOverbought industryLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 17.58 points, or 2.44%, and closed at 738.96 on Friday, August 10, 2018. On Friday AZO has reached 741.1 - the highest level since February 23, 2018. Weekly volume was -51% 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 fifth 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 uptrend had started on July 20, 2017 at 491.13 and reached 797.89 on January 19, 2018. AZO gained -306.76 points, or -62.46%, in 26 weeks. The price is now at the 19.21% retracement level.

Medium-term trend: [See AZO medium-term trend chart]
A medium-term uptrend had started on April 20, 2018 at 590.76 and reached 741.10 on August 10, 2018. AZO gained -150.34 points, or -25.45%, in 16 weeks. Price is near the trend high.

Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought 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 above its signal line since June 8, 2018. This is an indication that the medium-term trend is up. 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 July 2, 2018 at 662.17 and reached 741.10 on August 10, 2018. AZO gained -78.93 points, or -11.92%, in 39 days. Price is near the trend high.

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

The daily MACD line is above its signal line since August 2, 2018. This is an indication that the short-term trend is up.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.71
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 93.17
Strong Overbought
Greed/Fear Indicator (GFI) 82.86
Overbought
Moving Average Converg./Diverg. (MACD) 10.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.48
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 87.77
Overbought
Greed/Fear Indicator (GFI) 81.32
Overbought
Moving Average Converg./Diverg. (MACD) 5.83
Trading Signals
Description Value Chart
Upper Bollinger Band 740.95
Price 738.96
Daily Stochastic Crossing 738.28
Weekly Stochastic Crossing 732.92
Parabolic System 714.00
20 Day Moving Average 713.15
50 Day Moving Average 692.22
Lower Bollinger Band 685.78
Sector and Industry
Description Name Rank
Sector Services 8
Industry Auto Parts Stores 159
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 662.17
Low Date 07/02/2018
High 741.10
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 590.76
Low Date 04/20/2018
High 741.10
High Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 797.89
High Date 01/19/2018
Low 590.76
Low Date 04/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 491.13
Low Date 07/20/2017
High 797.89
High Date 01/19/2018
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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