How the (AZO) price action is used to our Advantage
February 17, 2024, 03:16 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AZO
- Buy AZO slightly over 2646.72 target 2790.21 stop loss @ 2639.08 Details
The technical summary data tells us to buy AZO near 2646.72 with an upside target of 2790.21. This data also tells us to set a stop loss @ 2639.08 to protect against excessive loss in case the stock begins to move against the trade. 2646.72 is the first level of support below 2727.83 , and by rule, any test of support is a buy signal. In this case, support 2646.72 is being tested, a buy signal would exist.
- Short AZO slightly under 2790.21, target 2646.72, stop loss @ 2798.27 Details
The technical summary data is suggesting a short of AZO as it gets near 2790.21 with a downside target of 2646.72. We should have a stop loss in place at 2798.27though. 2790.21 is the first level of resistance above 2727.83, and by rule, any test of resistance is a short signal. In this case, if resistance 2790.21 is being tested, a short signal would exist.
Swing Trading Plans for AZO
- Buy AZO slightly over 2741.98, target 2790.21, Stop Loss @ 2734.06 Details
If 2741.98 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2741.98, with an upside target of 2790.21. The data also tells us to set a stop loss @ 2734.06 in case the stock turns against the trade. 2741.98 is the first level of resistance above 2727.83, and by rule, any break above resistance is a buy signal. In this case, 2741.98, 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 2741.98, target 2659.25, Stop Loss @ 2749.9. Details
The technical summary data is suggesting a short of AZO if it tests 2741.98 with a downside target of 2659.25. We should have a stop loss in place at 2749.9 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, 2741.98, 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 2741.98, target 2745.13, Stop Loss @ 2735.58 Details
If 2741.98 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2741.98, with an upside target of 2745.13. The data also tells us to set a stop loss @ 2735.58 in case the stock turns against the trade. 2741.98 is the first level of resistance above 2727.83, and by rule, any break above resistance is a buy signal. In this case, 2741.98, 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 2741.98, target 2720.93, Stop Loss @ 2748.38. Details
The technical summary data is suggesting a short of AZO if it tests 2741.98 with a downside target of 2720.93. We should have a stop loss in place at 2748.38 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, 2741.98, 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 Inc. (AZO) available here: AZO.
AZO Ratings for February 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
2499.98 |
| P2 |
2720.93 |
2659.25 |
2646.72 |
| P3 |
2745.13 |
2741.98 |
2790.21 |
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 Inc. (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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