AUTOZONE INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	AZO
ISIN:

AUTOZONE INC. - Daily - Technical analysis published on 08/02/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 2,985.92 USD

My targets

3,239.32 USD (+2.90%)

My analysis

AUTOZONE INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,985.92 USD. The next resistance located at 3,239.32 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUTOZONE INC. rating 3,148.07 USD. The price is lower by -0.01% since the last closing with the lowest point at 3,119.27 USD and the highest point at 3,158.20 USD. The deviation from the price is +0.92% for the low point and -0.32% for the high point.

3,119.27

3,158.20

3,148.07

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

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 results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of AUTOZONE INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,735.40	2,903.51	2,985.92	3,148.07	3,239.32
Change (%)	-13.11%	-7.77%	-5.15%	-	+2.90%
Change	-412.67	-244.56	-162.15	-	+91.25
Level	Major	Intermediate	Major	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,087.15	3,103.52	3,125.94	3,142.31	3,164.73	3,181.10	3,203.52
Camarilla	3,137.69	3,141.25	3,144.80	3,148.36	3,151.92	3,155.47	3,159.03
Woodie	3,090.18	3,105.03	3,128.97	3,143.82	3,167.76	3,182.61	3,206.55
Fibonacci	3,103.52	3,118.34	3,127.49	3,142.31	3,157.13	3,166.28	3,181.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,730.00	2,812.01	2,951.16	3,033.17	3,172.32	3,254.33	3,393.48
Camarilla	3,029.49	3,049.76	3,070.04	3,090.31	3,110.58	3,130.86	3,151.13
Woodie	2,758.57	2,826.30	2,979.73	3,047.46	3,200.89	3,268.62	3,422.05
Fibonacci	2,812.01	2,896.49	2,948.69	3,033.17	3,117.65	3,169.85	3,254.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,564.16	2,682.82	2,908.26	3,026.92	3,252.36	3,371.02	3,596.46
Camarilla	3,039.06	3,070.61	3,102.15	3,133.69	3,165.23	3,196.78	3,228.32
Woodie	2,617.54	2,709.52	2,961.64	3,053.62	3,305.74	3,397.72	3,649.84
Fibonacci	2,682.82	2,814.27	2,895.48	3,026.92	3,158.37	3,239.58	3,371.02

Numerical data

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

Technical indicators

Moving averages

RSI (14):	70.22
MACD (12,26,9):	64.2900
Directional Movement:	20.08
AROON (14):	42.86
DEMA (21):	3,089.00
Parabolic SAR (0,02-0,02-0,2):	2,981.30
Elder Ray (13):	87.76
Super Trend (3,10):	2,962.92
Zig ZAG (10):	3,144.17
VORTEX (21):	1.2200
Stochastique (14,3,5):	95.30
TEMA (21):	3,135.34
Williams %R (14):	-5.48
Chande Momentum Oscillator (20):	160.06
Repulse (5,40,3):	2.3900
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	13.43

MA7:	3,104.08
MA20:	2,982.67
MA50:	2,901.60
MA100:	2,964.31
MAexp7:	3,098.26
MAexp20:	3,014.98
MAexp50:	2,954.57
MAexp100:	2,917.33
Price / MA7:	+1.42%
Price / MA20:	+5.55%
Price / MA50:	+8.49%
Price / MA100:	+6.20%
Price / MAexp7:	+1.61%
Price / MAexp20:	+4.41%
Price / MAexp50:	+6.55%
Price / MAexp100:	+7.91%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on AUTOZONE INC. at the time of the generation of this analysis was as follows:

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

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