The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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AutoZone Inc.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtPrice is near the Fibonacci 23.6% retracement level
Daily :Price has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was the negative week for the AutoZone Inc. (AZO). During the week, the AZO dropped -27.08 points, or -3.61%, and closed at 723.50 on Friday, February 09, 2018. Weekly volume was 32% above average.

AZO is a member of Services Sector. Services is the 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 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 70.76% 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 797.89 on January 19, 2018. AZO gained -306.76 points, or -62.46%, in 26 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic 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. 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 January 26, 2018 at 796.95 and reached 680.23 on February 9, 2018. AZO lost 116.72 points, or 14.65%, in 14 days. Price is near the Fibonacci 38.2% retracement level.

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

The daily MACD line is below its signal line since January 22, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price 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) 26.26
Williams' Percentage Range (W%R) 62.90
Lane's Stochastic (%D-Slow) 22.68
Greed/Fear Indicator (GFI) 28.67
Moving Average Converg./Diverg. (MACD) 6.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.72
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 81.86
Overbought
Greed/Fear Indicator (GFI) 71.92
Moving Average Converg./Diverg. (MACD) 29.82
Trading Signals
Description Value Chart
Upper Bollinger Band 803.86
Weekly Stochastic Crossing 772.87
20 Day Moving Average 768.91
50 Day Moving Average 739.57
Parabolic System 737.19
Price 723.50
Daily Stochastic Crossing 710.02
Lower Bollinger Band 701.57
Sector and Industry
Description Name Rank
Sector Services 9
Industry Auto Parts Stores 154
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 796.95
High Date 01/26/2018
Low 680.23
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 796.95
High Date 01/26/2018
Low 680.23
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 797.89
High Date 01/19/2018
Low 680.23
Low Date 02/09/2018
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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