Autozone Stock Technical Analysis

AZO -  USA Stock  

USD 2,029  64.30  3.27%

As of the 27th of May, Autozone shows the Mean Deviation of 1.87, risk adjusted performance of 0.1184, and Downside Deviation of 3.23. 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 2028.96 per share. Given that Autozone has jensen alpha of 0.2369, we suggest you to validate Autozone's prevailing market performance to make sure the company can sustain itself at a future point.
  
Refresh

Autozone Analyst Consensus

Target PriceAdvice# of Analysts
2123.15Buy13Odds
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 fifty-two with a total number of output elements of nine. The Normalized Average True Range is used to analyze tradable apportunities for Autozone across different markets.
.

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   0.71  , which may imply that Autozone will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 18834.78, 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 stock 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 2021 2022 (projected)
Calculated Tax Rate18.2621.0620.3928.37
Interest Coverage10.3815.0711.9911.11

Autozone May 27, 2022 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 May 27, 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 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.
Please continue to Trending Equities. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Autozone Stock analysis

When running Autozone 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 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.
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
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.
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 Autozone value 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.