The Greedy Trader Weekly Analysis
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AutoZone Inc.
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought area
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 61.8% 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 -9.45 points, or -1.31%, and closed at 714.05 on Friday, February 16, 2018. Weekly volume was -16% below 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 67.88% 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. The price is now at the 27.33% retracement level.

Weekly Technical Indicators: [See AZO weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 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 uptrend had started on February 14, 2018 at 704.64 and reached 728.67 on February 16, 2018. AZO gained -24.03 points, or -3.41%, in 2 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.51
Williams' Percentage Range (W%R) 61.00
Lane's Stochastic (%D-Slow) 45.06
Greed/Fear Indicator (GFI) 36.53
Moving Average Converg./Diverg. (MACD) -3.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.50
Williams' Percentage Range (W%R) 30.40
Lane's Stochastic (%D-Slow) 69.80
Greed/Fear Indicator (GFI) 65.54
Moving Average Converg./Diverg. (MACD) 32.13
Trading Signals
Description Value Chart
Upper Bollinger Band 799.94
Weekly Stochastic Crossing 754.27
20 Day Moving Average 752.20
50 Day Moving Average 742.07
Price 714.05
Daily Stochastic Crossing 713.02
Parabolic System 684.22
Lower Bollinger Band 680.65
Sector and Industry
Description Name Rank
Sector Services 9
Industry Auto Parts Stores 124
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 704.64
Low Date 02/14/2018
High 728.67
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 704.64
Low Date 02/14/2018
High 728.67
High Date 02/16/2018
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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