tradethepoolpool ads

Autozone $AZO Proactive Strategies

Longer Term Trading Plans for AZO
  • Buy AZO slightly over 2402.97 target 2565.19 stop loss @ 2396.03 Details
  • The technical summary data tells us to buy AZO near 2402.97 with an upside target of 2565.19. This data also tells us to set a stop loss @ 2396.03 to protect against excessive loss in case the stock begins to move against the trade. 2402.97 is the first level of support below 2556.06 , and by rule, any test of support is a buy signal. In this case, support 2402.97 would be being tested, so a buy signal would exist.

  • Short AZO slightly under 2565.19, target 2402.97, stop loss @ 2572.6 Details
  • The technical summary data is suggesting a short of AZO as it gets near 2565.19 with a downside target of 2402.97. We should have a stop loss in place at 2572.6though. 2565.19 is the first level of resistance above 2556.06, and by rule, any test of resistance is a short signal. In this case, if resistance 2565.19 is being tested, so a short signal would exist.

Swing Trading Plans for AZO
  • Buy AZO slightly over 2565.19, target 2570.30, Stop Loss @ 2557.78 Details
  • If 2565.19 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2565.19, with an upside target of 2570.30. The data also tells us to set a stop loss @ 2557.78 in case the stock turns against the trade. 2565.19 is the first level of resistance above 2556.06, and by rule, any break above resistance is a buy signal. In this case, 2565.19, 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 2565.19, target 2505.34, Stop Loss @ 2572.6. Details
  • The technical summary data is suggesting a short of AZO if it tests 2565.19 with a downside target of 2505.34. We should have a stop loss in place at 2572.6 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, 2565.19, 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 2565.19, target 2570.30, Stop Loss @ 2559.21 Details
  • If 2565.19 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2565.19, with an upside target of 2570.30. The data also tells us to set a stop loss @ 2559.21 in case the stock turns against the trade. 2565.19 is the first level of resistance above 2556.06, and by rule, any break above resistance is a buy signal. In this case, 2565.19, 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 2565.19, target 2541.59, Stop Loss @ 2571.17. Details
  • The technical summary data is suggesting a short of AZO if it tests 2565.19 with a downside target of 2541.59. We should have a stop loss in place at 2571.17 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, 2565.19, 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.

Real Time Updates are available on our Autozone (AZO) Page here: AZO.

AZO Ratings for September 06:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 2402.97
P2 2541.59 2505.34 2565.19
P3 2589.39 2570.30 2726.09
Triggers may have already come
Get Real Time Triggers Here
Support and Resistance Plot Chart for AZO

AZO Long Term Analysis for September 6 2023

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Don't over think it!  Trading Autozone (NYSE: AZO) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AZO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AZO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AZO too.  All of these are offered below the Summary Table.