AutoZone AZO Short Setup On Weekly Looking GoodDecent risk reward to first PT. Trend is now technically down on weekly. I was conservative with the first PT. I actually think it's likely to test significantly lower.
AZO trade ideas
Wait, this aint $SPY lolNever looked at auto zone till today. What the fck is this shyt lol. Probably a stock these btch azz old heads are hidin in as they wait for the market to do somethin. Thinking 2000 by mid may is gonna happen. No need to hedge cause aint no one fckn buying up here haha!
Why has Autozone Risen So Much?The stock market keep falling yesterday yet there is still some companies who saw gains. Autozone (AZO) is one of those companies.
Azo is my stock pick for today. I am simple playing vanilla breakout strategy here.
Buy above yesterdays close and if market does not gap down.
Stopout: 2015.40
Target: 2450
$AZO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AZO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 84.62%.
Autozone - Pain IncomingAutozone will likely see some significant downward movements in the coming months, as there are several factors that are applying headwinds for the business. This includes higher commodity prices, lower consumer purchasing power, and higher employee costs which will put substantial pressure on both the top and bottom lines.
Additionally, AZO has high debt (including a current ratio under 1) while moving into a higher rate environment - meaning that they will have a higher cost to service any new and existing debt.
On top of this, high gasoline prices will either cause people to utilize their car less, or will further reduce consumer savings all of which will make people move away from pulling the trigger on costly auto repairs.
AZOAZO forming a bull pennant. We could see a potential continuation to the upside. If it breaks down you can see a support at 1939 level.
ABC BullishThis is quite a bit past long entry level and AZO must have beat earnings. Perhaps if you are already in this it could help, or when a pull back occurs, you wish to get in, this chart could be helpful.
The target is D. The AB leg is used to calculate targets. The CD leg can be shorter than the AB leg, the same length, or longer or an extension of the AB leg.
Price is outside the top bollinger band with the moving average on 20. It is still within the bands on this chart which has a moving average of 80.
It is not quite overbought on daily, weekly or monthly with RSI set on 80 verses 70.
NV is high.
Possible stop below C or last pivot low.
No recommendation.
It is often when one is winning that they are more susceptible to mistakes.
Autozone Post EarningsNYSE:AZO triggered a spike alert this morning on earnings announcement. Price action is at a support and worth a buy to play back to the top of the range and beyond.
As an aside, used car prices have increased dramatically in the last few months due to the shortage of new car inventory coming to market. Some of this is due to material costs and companies like Ford NYSE:F have been reported to be having backlog due to computer chip shortages. These market forces are compounded by inflation.
$AZO falling wedgebullish falling wedge here, I like the postures of the indicators and the price action not too mention the way the price action compliments the trend lines. short term long position, I wouldn't hold this past today
$AZO looking for some retracement here...Looking for a hedge play, AZO looks to be that for me this week. Not very liquid options though...
Get in the Zone: the Lotto ZoneIf any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area of support to work off of.
Some solid indicators are saying this is well over-bought and flashing the sell signal. This means we may have reached the peak of it's new consolidation area and will begin grinding down to find the bottom. Thankfully we have a triple-top to tell us where that bottom will ultimately be. Options are expensive for shares this pricey, and bid-ask spread is huge, so maybe just an old-fashioned short is your ticket.
AZO Long William Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw, and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is under 70, so the stock is not overbought.
Candlestick patterns : there are three white soldiers which are a bullish confirmation.
Overall : it can be interesting to take a buy position because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
$AZO all time highNYSE:AZO is at an all time high. It broke above the resistance level on volume.
A buy at current level, with a stop at $1250; a wide stop, adjust trade size according to your #riskmanagement plan.
V BottomLong entry 1274.55, Targets 1 are 1638.5 1736.8 Targets 2 are 2023 to 2229
V bottom with a flag like handle..
AZO missed revenue on 12-10. Didnt seem to affect the chart drastically..
Earnings in March..
A V bottom does not necessarily have a handle for support but AZO has formed a handle like structure that looks like a long flag. There is also a V Cup and Handle Pattern
There are no rising wedges in the yearly chart (I was surprised). NV and obv are high on hourly, mediocre on daily. Short interest is low at 2.28%. Monthly candle is a bullish hammer. Long term uptrend..not easy to change a trend (o:
Not a recpmmendation
$AZO Projected to have a neutral outlook after earning release $AZO posted its earnings with a negative over reaction following its announcement with the PEAD projecting a neutral outlook for the stock placing it in Drift C
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AZO Bullish Engulfing Trying to breakout of small downtrend since mid-September. It looks to be gaining momentum with RSI crossing above 50 and MACD cross plus histogram turning positive. Thursday brought a bullish engulfing candle with a close above 20, 50, and 100-day moving average. Options for this stock are thinly traded with wide bid/ask so this would be a share purchase with a target of ATH around $1275 as target.
AZO 10% Upside Minimum. Used Cars Need Repairs, new Batteries..Technical Indicator: 1 Day MACD Crossover below 0.
Beyond: Lots of used cars being bought in USA. I expect they will need tune-ups.
Upcoming earnings not too far away.
I would recommend buying now and at least holding for the 10% upside and potential greater gains.
This is not strongly affected by politics.
DAILY ANALYSIS OF autozone inc Hi friends
the daily chart of this market shows that it will experience an uptrend in the coming days but also we must be vigilant of the change of direction towards the oppser
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