Advance Stock Technical Analysis

AAP -  USA Stock  

USD 199.45  3.95  2.02%

As of the 19th of May, Advance Auto shows the risk adjusted performance of (0.09), and Mean Deviation of 1.75. Advance Auto Parts 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 Advance Auto Parts, which can be compared to its rivals. Please confirm Advance Auto Parts variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Advance Auto Parts is priced correctly, providing market reflects its regular price of 199.45 per share. Given that Advance Auto has jensen alpha of (0.015194), we suggest you to validate Advance Auto Parts's prevailing market performance to make sure the company can sustain itself at a future point.
  
Refresh

Advance Auto Analyst Consensus

Target PriceAdvice# of Analysts
255.77Buy13Odds
Advance Auto Parts current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Advance 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 Advance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Advance Auto Parts, talking to its executives and customers, or listening to Advance conference calls.
Advance Analyst Advice Details
Advance Auto 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 Advance Auto technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Advance Auto 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...

Advance Auto Parts Technical Analysis

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Advance Auto Parts volatility. High ATR values indicate high volatility, and low values indicate low volatility.
.

Advance Auto Parts Trend Analysis

Use this graph to draw trend lines for Advance Auto Parts. You can use it to identify possible trend reversals for Advance Auto 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 Advance Auto price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Advance Auto Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Advance Auto Parts applied against its price change over selected period. The best fit line has a slop of   0.12  , which may imply that Advance Auto Parts will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 552.36, which is the sum of squared deviations for the predicted Advance Auto price change compared to its average price change.

About Advance Auto 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 Advance Auto Parts 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 Advance Auto Parts based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Advance Auto Parts stock first instead of the macroeconomic environment surrounding Advance Auto Parts. By analyzing Advance Auto'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 Advance Auto'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 Advance Auto specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2016 2022 (projected)
Long Term Debt to Equity0.360.43
Interest Coverage13.1516.13

Advance Auto May 19, 2022 Technical Indicators

Most technical analysis of Advance 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 Advance from various momentum indicators to cycle indicators. When you analyze Advance 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.

Advance Auto May 19, 2022 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 Advance 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.
Please continue to Trending Equities. Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Advance Stock analysis

When running Advance Auto Parts price analysis, check to measure Advance Auto'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 Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Is Advance Auto'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 Advance Auto. If investors know Advance 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 Advance Auto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Advance Auto Parts is measured differently than its book value, which is the value of Advance that is recorded on the company's balance sheet. Investors also form their own opinion of Advance Auto's value that differs from its market value or its book value, called intrinsic value, which is Advance Auto'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 Advance Auto's market value can be influenced by many factors that don't directly affect Advance Auto'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 Advance Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine Advance Auto value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advance Auto'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.