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Takip Edin: @UscMarketsAZO Stock Forecast & AutoZone Chart Analysis
This article provides a detailed analysis of AZO-AutoZone stock including a forecast for AZO shares. It features AutoZone, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
AZO Historical Data Review
AZO Current Price Performance Analysis
The AutoZone - AZO stock traded on the American stock market, on 06-05-2024, closed at 2776.28$ with a %-0.53 decreased compared to the previous day.
In the last month, the price of AZO changed by %-6.45 decreased in value, from 2967.7 dollars on 05-06-2024 to 2776.28 dollars, decreased.
Last year, the price of AZO was 2323.05 dollars on 06-06-2023, and changed by %19.51 increased in value, to 2776.28 dollars increased within a year.
The price of AutoZone stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
AZO with AI Stock Forecast & Price Target
On the AZO chart AutoZone price was recorded as 2776.28 Dollars on 06/05/2024.
The artificial intelligence's forecast on AZO stock is as follows.
The artificial intelligence's prediction error margin for AZO stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for AutoZone stock over the next 4 months is: 2842.9 Dollars.
The commentary on AZO stock Target Price: Highest: 3016.857 Dollars is predicted.
The commentary on AZO stock Target Price: Lowest: 2733.795 Dollars is predicted.
Resistance Price where AutoZone stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-08-2024 | 3016.857 |
| 12-12-2024 | 2875.547 |
| 02-25-2025 | 2932.458 |
Support Price where AutoZone stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 2733.795 |
| 11-12-2024 | 2823.125 |
| 01-21-2025 | 2767.656 |
| 04-01-2025 | 2795.560 |
The commentary on AZO stock: The target price can generally be said to be on the decline.
The commentary on AZO stock: Fluctuations in the target price can be expected in the coming days.
The target price for AutoZone stock by the end of 2024 is predicted to be 2836.563 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on AZO stock, and the 2024 target price predictions for AutoZone are detailed above.
The technical analysis and charts for the commentary on AZO stock are below.
AZO Support & Resistance and Trend Analysis
AZO stock you have reviewed the technical analysis support resistance charts regarding.
AZO : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the AZO review, the AutoZone support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
AutoZone Support and Resistance Prices:
| AZO Support Level Price | AZO Resistance Level Price |
|---|---|
| 2510.00 | 2728.69 |
| 2566.80 | 2730.64 |
| 2587.27 | 2733.20 |
| 2672.31 | 2734.16 |
| 2679.41 | 2803.50 |
| 2728.97 | 2855.21 |
| 2851.42 | 3008.33 |
| 2890.11 | 3256.37 |
| 3014.72 |
AZO Technical Analysis: SMA, RSI, MACD
Upon reviewing the AZO chart, buy and sell signals have been generated in the AutoZone technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for AZO stock are as follows:- AZO technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for AutoZone gave a 'Buy' signal when the RSI was at 28.844, with the current RSI value at 28.844.
- The technical analysis for AutoZone indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for AutoZone stock: Click here to read more predictions on Cencora stock.
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