AZO Stalls at $3448.70 Amid Bearish EMAs
BearishAutozone Inc (AZO) closed down 0.22% at $3448.70 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price sits below both the 9-day ($3461.36) and 21-day ($3548.07) EMAs, suggesting short-term weakness.
Momentum
RSI at 36.5 is in neutral territory but trending higher. MACD is bullish (-110.51 vs signal -110.54).
Volatility
Bollinger Band width at 22.6% indicates normal volatility.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $3180.66.
Key levels to watch: Support at $3180.66, Resistance at $3990.78.