The Greedy Trader Weekly Analysis
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Daily D%-Slow:< 20
Weekly Price vs. Trendline:Testing Support
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Parabolic SAR Crossover - Stock market timing signals.
The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.
parabolic sar,Parabolic SAR Crossover,stock market timing signals

AutoZone Inc. (AZO)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend resistance at 1681.85
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
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It was a fifth consecutive positive week for the AutoZone Inc. (AZO). During the week, the AZO gained 26.83 points, or 1.67%, and closed at 1632.13 on Friday, July 23, 2021. Weekly volume was -30% below average.

AZO is a member of Consumer Discretionary Sector. Consumer Discretionary is the second 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 uptrend had started on July 20, 2017 at 491.13 and reached 1633.68 on July 23, 2021. AZO gained -1142.55 points, or -232.64%, in 209 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (1681.85). 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 December 8, 2020 at 1085.85 and reached 1633.68 on July 23, 2021. AZO gained -547.83 points, or -50.45%, in 32 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. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD 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 July 2, 2021. 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 June 4, 2021 at 1367.96 and reached 1633.68 on July 23, 2021. AZO gained -265.72 points, or -19.42%, in 49 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 1613.35 and resistance is at 1653.28. 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 short-term trend.

Daily Technical Indicators: [See AZO daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since June 17, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.49
Williams' Percentage Range (W%R) 19.90
Overbought
Lane's Stochastic (%D-Slow) 78.46
Bearish
Greed/Fear Indicator (GFI) 75.68
Moving Average Converg./Diverg. (MACD) 38.66 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.71
Bearish
Williams' Percentage Range (W%R) 7.30
Strong Overbought
Lane's Stochastic (%D-Slow) 78.53
Bearish
Greed/Fear Indicator (GFI) 77.25
Moving Average Converg./Diverg. (MACD) 69.71 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 1681.85
Weekly Trendline Resistance 1653.28
Upper Bollinger Band 1638.47
Price 1632.13
Daily Stochastic Crossing 1618.70
Weekly Trendline Support 1613.35
Weekly Stochastic Crossing 1606.39
Parabolic System 1569.91
20 Day Moving Average 1557.54
50 Day Moving Average 1479.62
Lower Bollinger Band 1469.22
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry Specialty Stores 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1571.48
Low Date 07/19/2021
High 1633.68
High Date 07/23/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1653.28
Support 1613.35
Low 1367.96
Low Date 06/04/2021
High 1633.68
High Date 07/23/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1085.85
Low Date 12/08/2020
High 1633.68
High Date 07/23/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 684.91
Low Date 03/23/2020
High 1633.68
High Date 07/23/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 1681.85
Support 783.84
Low 491.13
Low Date 07/20/2017
High 1633.68
High Date 07/23/2021
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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