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AZO
Stock ticker: NYSE
AS OF
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Price
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Capitalization
45.19B

AZO AutoZone Forecast, Technical & Fundamental Analysis

a distributor of automotive replacement parts and accessories

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for AZO with price predictions
08:00 PM EDT Sep 21, 2023

AZO sees MACD Histogram just turned negative

AZO saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 15, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for AZO moved out of overbought territory on September 11, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 56 similar instances where the indicator moved out of overbought territory. In of the 56 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AZO as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AZO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for AZO entered a downward trend on August 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where AZO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

AZO moved above its 50-day moving average on September 20, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AZO crossed bullishly above the 50-day moving average on September 01, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The 50-day moving average for AZO moved above the 200-day moving average on September 06, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AZO advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

AZO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AZO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (12.180). P/E Ratio (19.120) is within average values for comparable stocks, (24.658). Projected Growth (PEG Ratio) (1.254) is also within normal values, averaging (2.676). AZO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (2.769) is also within normal values, averaging (82.535).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Five Below (NASDAQ:FIVE), Bath & Body Works (NYSE:BBWI), GameStop Corp (NYSE:GME), RH (NYSE:RH).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 6.58B. The market cap for tickers in the group ranges from 48 to 306.78B. HD holds the highest valuation in this group at 306.78B. The lowest valued company is CALI at 48.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was -3%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was 0%. RWGI experienced the highest price growth at 33%, while BBBYQ experienced the biggest fall at -43%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was -48%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was -33%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 54
Price Growth Rating: 62
SMR Rating: 66
Profit Risk Rating: 77
Seasonality Score: -10 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

AZO is expected to report earnings to fall 31.62% to $31.77 per share on December 05

AutoZone AZO Stock Earnings Reports
Q4'23
Est.
$31.77
Q3'23
Beat
by $1.24
Q2'23
Beat
by $2.71
Q1'23
Beat
by $2.81
Q4'22
Beat
by $2.19
The last earnings report on September 19 showed earnings per share of $46.46, beating the estimate of $45.22. With 111.68K shares outstanding, the current market capitalization sits at 45.19B.
A.I. Advisor
published General Information

General Information

a distributor of automotive replacement parts and accessories

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
123 South Front Street
Phone
+1 901 495-6500
Employees
112000
Web
https://www.autozone.com
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AZO and

Correlation & Price change

A.I.dvisor indicates that over the last year, AZO has been closely correlated with ORLY. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if AZO jumps, then ORLY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AZO
1D Price
Change %
AZO100%
+1.56%
ORLY - AZO
76%
Closely correlated
+1.03%
GPC - AZO
62%
Loosely correlated
+0.49%
TSCO - AZO
41%
Loosely correlated
+0.22%
MUSA - AZO
37%
Loosely correlated
+0.69%
CPRT - AZO
34%
Loosely correlated
+0.05%
More

Groups containing AZO

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AZO
1D Price
Change %
AZO100%
+1.56%
AZO
(undefined stocks)
99%
Closely correlated
+1.30%
fixing cars
(undefined stocks)
85%
Closely correlated
-0.89%
specialty store
(undefined stocks)
73%
Closely correlated
-0.45%
Specialty Stores
(undefined stocks)
70%
Closely correlated
-0.33%
cars
(undefined stocks)
66%
Loosely correlated
-0.40%
More