August 17, 2023, 20:45 pm ET, BY Robert S. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AZO
- Buy AZO slightly over 2412.31 target 2576.10 stop loss @ 2405.34 Details
The technical summary data tells us to buy AZO near 2412.31 with an upside target of 2576.10. This data also tells us to set a stop loss @ 2405.34 to protect against excessive loss in case the stock begins to move against the trade. 2412.31 is the first level of support below 2457.28 , and by rule, any test of support is a buy signal. In this case, support 2412.31 would be being tested, so a buy signal would exist.
- Short AZO slightly under 2576.10, target 2412.31, stop loss @ 2583.54 Details
The technical summary data is suggesting a short of AZO as it gets near 2576.10 with a downside target of 2412.31. We should have a stop loss in place at 2583.54though. 2576.10 is the first level of resistance above 2457.28, and by rule, any test of resistance is a short signal. In this case, if resistance 2576.10 is being tested, so a short signal would exist.
Swing Trading Plans for AZO
- Buy AZO slightly over 2485.36, target 2523.33, Stop Loss @ 2478.18 Details
If 2485.36 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2485.36, with an upside target of 2523.33. The data also tells us to set a stop loss @ 2478.18 in case the stock turns against the trade. 2485.36 is the first level of resistance above 2457.28, and by rule, any break above resistance is a buy signal. In this case, 2485.36, 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 2485.36, target 2412.31, Stop Loss @ 2492.54. Details
The technical summary data is suggesting a short of AZO if it tests 2485.36 with a downside target of 2412.31. We should have a stop loss in place at 2492.54 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, 2485.36, 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 2485.36, target 2495.88, Stop Loss @ 2479.56 Details
If 2485.36 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2485.36, with an upside target of 2495.88. The data also tells us to set a stop loss @ 2479.56 in case the stock turns against the trade. 2485.36 is the first level of resistance above 2457.28, and by rule, any break above resistance is a buy signal. In this case, 2485.36, 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 2485.36, target 2412.31, Stop Loss @ 2491.16. Details
The technical summary data is suggesting a short of AZO if it tests 2485.36 with a downside target of 2412.31. We should have a stop loss in place at 2491.16 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, 2485.36, 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 August 17:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Strong |
P1 |
0 |
0 |
2412.31 |
P2 |
2495.88 |
2485.36 |
2576.10 |
P3 |
2531.14 |
2523.33 |
2739.26 |
AI Generated Signals for AZO
Blue = Current Price
Red = Resistance
Green = Support
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