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 04/18/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Neutral between 2,877.20 USD and 3,007.56 USD

My targets

My analysis

The current short-term bullish thrust is in contrast to the bearish trend. AUTOZONE INC. is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on AUTOZONE INC. essentials for the price to rebound like this? In such a situation, it would be possible to stay away from AUTOZONE INC. or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 3,007.56 USD as an objective. Buyers would then use the next resistance located at 3,059.51 USD as an objective. Crossing it would then enable buyers to target 3,094.84 USD. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

The AUTOZONE INC. price is 2,990.79 USD. The price has increased by +1.79% since the last closing and was traded between 2,964.06 USD and 3,005.00 USD over the period. The price is currently at +0.90% from its lowest and -0.47% from its highest.

2,964.06

3,005.00

2,990.79

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this AUTOZONE INC. chart shows a bearish trend. The signals given by the moving averages are at 64.29% bearish. This bearish trend could quickly slow down given the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

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:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,733.65	2,841.76	2,877.20	2,990.79	3,007.56	3,059.51	3,094.84
Change (%)	-8.60%	-4.98%	-3.80%	-	+0.56%	+2.30%	+3.48%
Change	-257.14	-149.03	-113.59	-	+16.77	+68.72	+104.05
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,859.56	2,879.78	2,909.02	2,929.24	2,958.48	2,978.70	3,007.94
Camarilla	2,924.66	2,929.19	2,933.73	2,938.26	2,942.79	2,947.33	2,951.86
Woodie	2,864.07	2,882.04	2,913.53	2,931.50	2,962.99	2,980.96	3,012.45
Fibonacci	2,879.78	2,898.67	2,910.35	2,929.24	2,948.13	2,959.81	2,978.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,749.03	2,852.15	2,907.23	3,010.35	3,065.43	3,168.55	3,223.63
Camarilla	2,918.82	2,933.32	2,947.82	2,962.32	2,976.82	2,991.32	3,005.83
Woodie	2,725.02	2,840.14	2,883.22	2,998.34	3,041.42	3,156.54	3,199.62
Fibonacci	2,852.15	2,912.58	2,949.91	3,010.35	3,070.78	3,108.11	3,168.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,731.09	2,857.09	3,004.37	3,130.37	3,277.65	3,403.65	3,550.93
Camarilla	3,076.50	3,101.55	3,126.60	3,151.65	3,176.70	3,201.75	3,226.80
Woodie	2,741.73	2,862.41	3,015.01	3,135.69	3,288.29	3,408.97	3,561.57
Fibonacci	2,857.09	2,961.48	3,025.98	3,130.37	3,234.76	3,299.26	3,403.65

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):	59.58
MACD (12,26,9):	-8.2600
Directional Movement:	14.51
AROON (14):	100.00
DEMA (21):	2,925.26
Parabolic SAR (0,02-0,02-0,2):	2,898.65
Elder Ray (13):	45.38
Super Trend (3,10):	2,919.54
Zig ZAG (10):	2,978.37
VORTEX (21):	0.8900
Stochastique (14,3,5):	81.45
TEMA (21):	2,940.22
Williams %R (14):	-25.36
Chande Momentum Oscillator (20):	62.94
Repulse (5,40,3):	-0.0700
ROCnROLL:	-1
TRIX (15,9):	-0.0900
Courbe Coppock:	1.67

MA7:	2,962.52
MA20:	3,083.83
MA50:	2,992.93
MA100:	2,826.17
MAexp7:	2,959.42
MAexp20:	2,941.77
MAexp50:	2,979.27
MAexp100:	3,027.92
Price / MA7:	+0.95%
Price / MA20:	-3.02%
Price / MA50:	-0.07%
Price / MA100:	+5.82%
Price / MAexp7:	+1.06%
Price / MAexp20:	+1.67%
Price / MAexp50:	+0.39%
Price / MAexp100:	-1.23%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on AUTOZONE INC.. At the time of publication of this analysis, the latest news was as follows:

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

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Londinia AI

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