Autozone's 15-minute chart triggers KDJ Golden Cross, bullish Marubozu signal.

Autozone's 15-minute chart has recently exhibited a significant bullish trend, as evidenced by the occurrence of a KDJ Golden Cross and a Bullish Marubozu at 08/05/2025 15:30. This indicates a shift in momentum towards an upward trajectory, suggesting that the stock price has the potential to continue its upward movement. As buyers remain in control of the market, the bullish momentum is likely to persist.

AutoZone, Inc. (NYSE: AZO) has recently experienced a significant bullish trend, as indicated by the occurrence of a KDJ Golden Cross and a Bullish Marubozu on its 15-minute chart at 08/05/2025 15:30. This technical signal suggests a shift in momentum towards an upward trajectory, potentially signaling continued upward movement in the stock price.

The KDJ Golden Cross is a popular momentum indicator that suggests a change in trend. When the KDJ line crosses above the D line, it indicates a bullish signal. Additionally, the presence of a Bullish Marubozu, characterized by a large green candle with no lower wick, further strengthens the bullish sentiment by showing strong buying pressure and a lack of selling pressure.

Institutional ownership and analyst sentiment have also been favorable for AutoZone. During the first quarter of 2025, several institutional investors increased their stakes in the company. For instance, Skandinaviska Enskilda Banken AB increased its stake by 2.9%, while GAMMA Investing LLC lifted its position by 435,031.1%, and Barclays PLC increased its holdings by 82.6% [1].

Analysts have shown strong support for AutoZone, with several upgrading their ratings to "buy" or "strong-buy." Guggenheim, Raymond James Financial, Wall Street Zen, BMO Capital Markets, and Mizuho have all upgraded their ratings, with price targets ranging from $3,850.00 to $4,850.00 [1]. The average rating is "Buy" with an average price target of $4,087.00 [1].

AutoZone reported earnings per share (EPS) of $35.36 in the first quarter, missing analysts' consensus estimates of $37.07. However, the company's revenue for the quarter was $4.46 billion, reflecting a 5.4% year-over-year increase [1]. Despite the earnings miss, the stock's technical indicators and analyst sentiment suggest a bullish outlook.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-skandinaviska-enskilda-banken-ab-publ-has-1372-million-stock-position-in-autozone-inc-nyseazo-2025-07-27/