How the price action of Autozone (AZO) is used to our Advantage
February 05, 2023, 06:30 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AZO
- Buy AZO slightly over 2289.02 target 2453.94 stop loss @ 2282.41 Details
The technical summary data tells us to buy AZO near 2289.02 with an upside target of 2453.94. This data also tells us to set a stop loss @ 2282.41 to protect against excessive loss in case the stock begins to move against the trade. 2289.02 is the first level of support below 2398.51 , and by rule, any test of support is a buy signal. In this case, support 2289.02 is being tested, a buy signal would exist.
- Short AZO slightly under 2453.94, target 2289.02, stop loss @ 2461.03 Details
The technical summary data is suggesting a short of AZO as it gets near 2453.94 with a downside target of 2289.02. We should have a stop loss in place at 2461.03though. 2453.94 is the first level of resistance above 2398.51, and by rule, any test of resistance is a short signal. In this case, if resistance 2453.94 is being tested, a short signal would exist.
Swing Trading Plans for AZO
- Buy AZO slightly over 2405.69, target 2453.94, Stop Loss @ 2398.74 Details
If 2405.69 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2405.69, with an upside target of 2453.94. The data also tells us to set a stop loss @ 2398.74 in case the stock turns against the trade. 2405.69 is the first level of resistance above 2398.51, and by rule, any break above resistance is a buy signal. In this case, 2405.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AZO slightly near 2405.69, target 2289.02, Stop Loss @ 2412.64. Details
The technical summary data is suggesting a short of AZO if it tests 2405.69 with a downside target of 2289.02. We should have a stop loss in place at 2412.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 2405.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AZO
- Buy AZO slightly over 2405.69, target 2430.27, Stop Loss @ 2400.08 Details
If 2405.69 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2405.69, with an upside target of 2430.27. The data also tells us to set a stop loss @ 2400.08 in case the stock turns against the trade. 2405.69 is the first level of resistance above 2398.51, and by rule, any break above resistance is a buy signal. In this case, 2405.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AZO slightly near 2405.69, target 2289.02, Stop Loss @ 2411.3. Details
The technical summary data is suggesting a short of AZO if it tests 2405.69 with a downside target of 2289.02. We should have a stop loss in place at 2411.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 2405.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Autozone (AZO) available here: AZO.
AZO Ratings for February 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
2112.73 |
| P2 |
2430.27 |
2405.69 |
2289.02 |
| P3 |
2485.75 |
2476.12 |
2453.94 |
AI Generated Signals for AZO
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Autozone (NYSE: AZO) data table below can help you with price action, and we have more details too. Trading plans for AZO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AZO:
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