Long Term Trading Analysis for (AZO)

July 18, 2024, 16:30 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AZO

• Buy AZO slightly over 2829.9 target 3017.85 stop loss @ 2821.73 Details

The technical summary data tells us to buy AZO near 2829.9 with an upside target of 3017.85. This data also tells us to set a stop loss @ 2821.73 to protect against excessive loss in case the stock begins to move against the trade. 2829.9 is the first level of support below 2926.35 , and by rule, any test of support is a buy signal. In this case, support 2829.9 would be being tested, so a buy signal would exist.

• Short AZO slightly under 3017.85, target 2829.9, stop loss @ 3026.57 Details

The technical summary data is suggesting a short of AZO as it gets near 3017.85 with a downside target of 2829.9. We should have a stop loss in place at 3026.57though. 3017.85 is the first level of resistance above 2926.35, and by rule, any test of resistance is a short signal. In this case, if resistance 3017.85 is being tested, so a short signal would exist.

Swing Trading Plans for AZO

• Buy AZO slightly over 3009.41, target 3017.85, Stop Loss @ 3000.72 Details

If 3009.41 begins to break higher, the technical summary data tells us to buy AZO just slightly over 3009.41, with an upside target of 3017.85. The data also tells us to set a stop loss @ 3000.72 in case the stock turns against the trade. 3009.41 is the first level of resistance above 2926.35, and by rule, any break above resistance is a buy signal. In this case, 3009.41, 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 3009.41, target 2916.81, Stop Loss @ 3018.1. Details

The technical summary data is suggesting a short of AZO if it tests 3009.41 with a downside target of 2916.81. We should have a stop loss in place at 3018.1 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, 3009.41, 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 2987.54, target 3009.41, Stop Loss @ 2980.57 Details

If 2987.54 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2987.54, with an upside target of 3009.41. The data also tells us to set a stop loss @ 2980.57 in case the stock turns against the trade. 2987.54 is the first level of resistance above 2926.35, and by rule, any break above resistance is a buy signal. In this case, 2987.54, 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 2987.54, target 2916.81, Stop Loss @ 2994.51. Details

The technical summary data is suggesting a short of AZO if it tests 2987.54 with a downside target of 2916.81. We should have a stop loss in place at 2994.51 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, 2987.54, 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 July 18:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	2829.9
P2	2987.54	2916.81	3017.85
P3	3029.48	3009.41	3212.72

AI Generated Signals for AZO

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Autozone Inc. (NYSE: AZO) while incorporating prudent risk controls.

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.