RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AZO
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Green day on Wednesday for AutoZone Inc
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 21, 2024 Gain 16.97% PDF

The AutoZone Inc stock price gained 0.0410% on the last trading day (Wednesday, 27th Mar 2024), rising from $3,191.48 to $3,192.79. During the last trading day the stock fluctuated 1.31% from a day low at $3,171.11 to a day high of $3,212.52. The price has risen in 8 of the last 10 days and is up by 3.35% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 88 thousand shares were bought and sold for approximately $282.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.04% during the next 3 months and, with a 90% probability hold a price between $3,761.27 and $4,124.60 at the end of this 3-month period.

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AZO Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -1.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The AutoZone Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3,192.29 and $2,970.71. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for AutoZone Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $3,011.62 and $2,954.99. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AutoZone Inc finds support just below today's level at $3,011.62. If this is broken, then the next support from accumulated volume will be at $2,954.99 and $2,731.66.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $41.41 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.

Our recommended stop-loss: $3,071.20 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (AZO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AutoZone Inc to open at $3,192.14, and during the day (based on 14 day Average True Range), to move between $3,138.73 and $3,246.85, which gives a possible trading interval of +/-$54.06 (+/-1.69%) up or down from last closing price. If AutoZone Inc takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3,210.40 (0.55%) than the support at $3,011.62 (5.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AutoZone Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AutoZone Inc stock to perform well in the short-term.

Current score: 3.230 Buy Candidate Unchanged

Predicted Opening Price for AutoZone Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3,192.14 ( 0.0204%) $3,192.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AZO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3,233.55 1.28 %
R2 3,217.73 0.781 %
R1 3,207.96 0.475 %
Current price: 3,192.79
Support S1 3,176.32 -0.516 %
S2 3,166.55 -0.82 %
S3 3,150.73 -1.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 3,239.32 1.46 %
R1 3,210.40 0.552 %
Current price 3,192.79
Support S1 3,011.62 -5.67%
S2 2,954.99 -7.45%
S3 2,731.66 -14.44%

FAQ

What is the symbol for AutoZone Inc Stock and on which exchange is it traded?
The symbol for AutoZone Inc is AZO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell AutoZone Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AutoZone Inc stock to perform well in the short-term.

How to buy AutoZone Inc Stock?
AutoZone Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AutoZone Inc Stock.

What's the current price of AutoZone Inc Stock?
As of the end of day on the 2024-03-27, the price of an AutoZone Inc (AZO) share was $3,192.79.

What is the 52-week high and low for AutoZone Inc Stock?
The 52-week high for AutoZone Inc Stock is $3,242.19 and the 52-week low is $2,277.88.

What is the market capitalization of AutoZone Inc Stock?
As of the 2024-03-27, the market capitalization of AutoZone Inc is 55.222B.

When is the next earnings date for AutoZone Inc?
The upcoming earnings date for AutoZone Inc is May 28, 2024.
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About AutoZone Inc

AutoZone AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fu... AZO Profile

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