AUTOZONE INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	AZO
ISIN:

AUTOZONE INC. - Daily - Technical analysis published on 06/03/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 2,903.51 USD

My targets

2,620.78 USD (-5.28%)

2,521.92 USD (-8.85%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUTOZONE INC. as long as the price remains well below 2,903.51 USD. The sellers' bearish objective is set at 2,620.78 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,521.92 USD. In case of crossing, the next objective would be the support located at 2,416.54 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The AUTOZONE INC. rating is 2,766.76 USD. The price is lower by -0.12% since the last closing and was between 2,752.44 USD and 2,794.34 USD. This implies that the price is at +0.52% from its lowest and at -0.99% from its highest.

2,752.44

2,794.34

2,766.76

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AUTOZONE INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of AUTOZONE INC. in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,521.92	2,620.78	2,733.65	2,766.76	2,903.51	2,997.15	3,124.01
Change (%)	-8.85%	-5.28%	-1.20%	-	+4.94%	+8.33%	+12.91%
Change	-244.84	-145.98	-33.11	-	+136.75	+230.39	+357.25
Level	Intermediate	Minor	Major	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,694.69	2,717.91	2,743.93	2,767.15	2,793.17	2,816.39	2,842.41
Camarilla	2,756.40	2,760.91	2,765.43	2,769.94	2,774.45	2,778.97	2,783.48
Woodie	2,696.08	2,718.61	2,745.32	2,767.85	2,794.56	2,817.09	2,843.80
Fibonacci	2,717.91	2,736.72	2,748.34	2,767.15	2,785.96	2,797.58	2,816.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,674.13	2,706.61	2,738.28	2,770.76	2,802.43	2,834.91	2,866.58
Camarilla	2,752.30	2,758.18	2,764.06	2,769.94	2,775.82	2,781.70	2,787.58
Woodie	2,673.72	2,706.41	2,737.87	2,770.56	2,802.02	2,834.71	2,866.17
Fibonacci	2,706.61	2,731.12	2,746.26	2,770.76	2,795.27	2,810.41	2,834.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,400.69	2,569.89	2,669.92	2,839.12	2,939.15	3,108.35	3,208.38
Camarilla	2,695.90	2,720.58	2,745.26	2,769.94	2,794.62	2,819.30	2,843.98
Woodie	2,366.10	2,552.60	2,635.33	2,821.83	2,904.56	3,091.06	3,173.79
Fibonacci	2,569.89	2,672.74	2,736.28	2,839.12	2,941.97	3,005.51	3,108.35

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	33.37
MACD (12,26,9):	-58.7600
Directional Movement:	-19.05
AROON (14):	-78.57
DEMA (21):	2,775.18
Parabolic SAR (0,02-0,02-0,2):	2,854.41
Elder Ray (13):	-43.08
Super Trend (3,10):	2,909.63
Zig ZAG (10):	2,766.76
VORTEX (21):	0.7500
Stochastique (14,3,5):	12.42
TEMA (21):	2,744.20
Williams %R (14):	-86.93
Chande Momentum Oscillator (20):	-163.41
Repulse (5,40,3):	-0.4000
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	12.03

MA7:	2,774.11
MA20:	2,871.58
MA50:	2,969.94
MA100:	2,915.89
MAexp7:	2,783.70
MAexp20:	2,848.60
MAexp50:	2,908.89
MAexp100:	2,881.19
Price / MA7:	-0.26%
Price / MA20:	-3.65%
Price / MA50:	-6.84%
Price / MA100:	-5.11%
Price / MAexp7:	-0.61%
Price / MAexp20:	-2.87%
Price / MAexp50:	-4.89%
Price / MAexp100:	-3.97%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on AUTOZONE INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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