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AUTOZONE INC.
AUTOZONE INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AZO
ISIN:

AUTOZONE INC. - 1H - Technical analysis published on 01/16/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2,619.53 USD
My targets
2,733.65 USD (+3.23%)
My analysis
The bullish trend is currently very strong on AUTOZONE INC.. As long as the price remains above the support at 2,619.53 USD, you could try to benefit from the boom. The first bullish objective is located at 2,733.65 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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.

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

Additional analysis

Quotes

The AUTOZONE INC. price is 2,648.00 USD. The price registered an increase of +3.07% on the session with the lowest point at 2,575.00 USD and the highest point at 2,658.23 USD. The deviation from the price is +2.83% for the low point and -0.38% for the high point.

2,575.00
2,658.23
2,648.00

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


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 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 2,573.68 2,619.53 2,644.37 2,648.00 2,733.65
Change (%) -2.81% -1.08% -0.14% - +3.23%
Change -74.32 -28.47 -3.63 - +85.65
Level Intermediate Major Minor - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,509.912,524.992,547.052,562.132,584.192,599.272,621.33
Camarilla2,558.892,562.292,565.702,569.102,572.512,575.912,579.31
Woodie2,513.392,526.742,550.532,563.882,587.672,601.022,624.81
Fibonacci2,524.992,539.182,547.952,562.132,576.322,585.092,599.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,459.772,484.892,526.992,552.112,594.212,619.332,661.43
Camarilla2,550.622,556.782,562.942,569.102,575.262,581.422,587.59
Woodie2,468.272,489.142,535.492,556.362,602.712,623.582,669.93
Fibonacci2,484.892,510.572,526.432,552.112,577.792,593.652,619.33


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,331.622,440.432,513.022,621.832,694.422,803.232,875.82
Camarilla2,535.732,552.352,568.982,585.612,602.242,618.872,635.50
Woodie2,313.512,431.382,494.912,612.782,676.312,794.182,857.71
Fibonacci2,440.432,509.732,552.542,621.832,691.132,733.942,803.23

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): 73.65
MACD (12,26,9): 25.6700
Directional Movement: 38.10
AROON (14): 78.57
DEMA (21): 2,606.60
Parabolic SAR (0,02-0,02-0,2): 2,578.06
Elder Ray (13): 53.33
Super Trend (3,10): 2,586.07
Zig ZAG (10): 2,648.00
VORTEX (21): 1.3000
Stochastique (14,3,5): 92.67
TEMA (21): 2,632.09
Williams %R (14): -7.37
Chande Momentum Oscillator (20): 111.11
Repulse (5,40,3): 1.3400
ROCnROLL: 1
TRIX (15,9): 0.0700
Courbe Coppock: 6.66
MA7: 2,561.01
MA20: 2,582.78
MA50: 2,622.54
MA100: 2,575.23
MAexp7: 2,618.41
MAexp20: 2,578.49
MAexp50: 2,562.93
MAexp100: 2,572.00
Price / MA7: +3.40%
Price / MA20: +2.53%
Price / MA50: +0.97%
Price / MA100: +2.83%
Price / MAexp7: +1.13%
Price / MAexp20: +2.70%
Price / MAexp50: +3.32%
Price / MAexp100: +2.95%

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
Londinia AI

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