Autozone Stock Technical Analysis

AZO Stock  USD 3,102  22.36  0.72%   
As of the 19th of March, AutoZone shows the Downside Deviation of 1.36, risk adjusted performance of 0.111, and Mean Deviation of 0.9512. AutoZone technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for AutoZone, which can be compared to its rivals. Please confirm AutoZone variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if AutoZone is priced correctly, providing market reflects its regular price of 3101.97 per share. Given that AutoZone has jensen alpha of 0.1917, we suggest you to validate AutoZone's prevailing market performance to make sure the company can sustain itself at a future point.

AutoZone Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as AutoZone, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AutoZone
  
AutoZone's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

AutoZone Analyst Consensus

Target PriceAdvice# of Analysts
2849.75Strong Buy28Odds
AutoZone current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most AutoZone analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand AutoZone stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of AutoZone, talking to its executives and customers, or listening to AutoZone conference calls.
AutoZone Analyst Advice Details
AutoZone technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of AutoZone technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AutoZone trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

AutoZone Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of AutoZone volatility. High ATR values indicate high volatility, and low values indicate low volatility.

AutoZone Trend Analysis

Use this graph to draw trend lines for AutoZone. You can use it to identify possible trend reversals for AutoZone as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual AutoZone price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

AutoZone Best Fit Change Line

The following chart estimates an ordinary least squares regression model for AutoZone applied against its price change over selected period. The best fit line has a slop of   9.35  , which may suggest that AutoZone is still a good investment. It has 122 observation points and a regression sum of squares at 3302874.19, which is the sum of squared deviations for the predicted AutoZone price change compared to its average price change.

About AutoZone Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of AutoZone on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of AutoZone based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on AutoZone price pattern first instead of the macroeconomic environment surrounding AutoZone. By analyzing AutoZone's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of AutoZone's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to AutoZone specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2012 2018 2023 2024 (projected)
Price Earnings Ratio15.818.5417.3721.68
Short Term Coverage Ratios39.7811.4337.8435.95

AutoZone March 19, 2024 Technical Indicators

Most technical analysis of AutoZone help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for AutoZone from various momentum indicators to cycle indicators. When you analyze AutoZone charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

AutoZone March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as AutoZone stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for AutoZone Stock analysis

When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
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Is AutoZone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.172
Earnings Share
141.84
Revenue Per Share
999.527
Quarterly Revenue Growth
0.046
Return On Assets
0.1423
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.