On March 21, O'Reilly Automotive ( NASDAQ:ORLY ) stock hit an all-time high at 1169.11. However, in April, the stock nosedived and is currently trading at $1074.27 on Friday's session, down by 0.81%. Despite the confusion in the auto market, O'Reilly Automotive ( NASDAQ:ORLY ), a leading retailer of auto parts and services, may see sales and profit gains, as...
Rectangles are a horizontal consolidation pattern and is neutral pattern until broken. Price is on the support line today. Recent fall from a bearish Rising Wedge. Both lines slope up narrowing at the apex and represents too much supply within the wedge. This pattern is not valid unless the bottom line is broken. An area of support will usually catch price...
Entry: with price above 964.58 Volume: with volume greater than 343k Target: 1042 area Stop: Depending on your risk tolerance; 938.80 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
When was the last time you needed to go to advanced auto parts, auto zone, o Reily ? Probably only to get a battery. New cars and most important EVs require minimal maintenance. NYSE:AAP is good example.
A price action above 922 supports a bullish trend direction. Bullish confirmation for a break above 956. The target price is set at 984.00 (upper range of the linear regression channel pattern). The stop-loss is set at 911. Upside price momentum supports the bullish trend direction.
🐂 Trade Idea: Long 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout 🔍 Entry: +/- 922.00 🐿 DCA: No 😫 Stop-Loss: 877.99 (898.75 for aggressive trade) 🎯 Take-Profit #1: 977.59 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the...
Break below Neckline ($800), this could see a $50 move to the downside. The bearish divergence on the MACD , RSI , and OBV.
Not a stock that I trade, but one of my followers mentioned it a couple of weeks ago. Repeating the same pattern as the box area, I think it rallies next week.
All technical indicators overbought here on various time frames, options market is thin so, I elected to buy Dec 16 $830 puts. We should retrace to $775 or below in coming days with new moon print.
Comment: O'REILLY AUTOMOTIVE, INC broke the resistance 753.90 level from August 2022 as well as resistance from of April 2022. Ichimoku Trend Analysis ( AFOBAY STRATEGY): - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: 803.72 level is also a monthly pivot point.
When the next rally comes, this setup has potential. Set the trap and sight tight. IQ has always and will always, get all the praise; but discipline gets the job done ~Mark Ritchie Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Sell $ORLY @ $ 724 TGT $ 611 TGT $ 697 TGT $665, $ 650 SL $750 Always keep strict SL
Having lost the uptrend on the weekly, I now expect ORLY to retest and fail at the red zone. Decent reward/risk of just over 3 if orders are scattered throughout the short zone. Stop is essential, as with any swing trade.
OReilly Automotive ( NASDAQ:ORLY ) Sector: Retail Trade (Specialty Stores) Market Capitalization: $39.973B Current Price: $615.79 Breakout price: $621.50 Buy Zone (Top/Bottom Range): $609.20-$564.80 Price Target: $782.00-$788.00 Estimated Duration to Target: 406-418d Contract of Interest: $ORLY 11/18/22 630c Trade price as of publish date: $49.95/contract
ENTRY: 646.32 SL: 620.02 TP1: 672 TP2: 692 - ADX<20. Would like to be higher. - RSI<50, >30. Prefer it to be above 50. - Maintaining well at pivot point "P" and at 50% fib. level. - Strength meter remains green indicating strength. - RS showing increasing strength. - 2 long shadow head red candles with volume on 30 Nov 2021 and 1 Dec 2021 is a concern. - Entry...
O'Reilly along with other automotive retail are potentially showing promise after the XRT rout. Being in a higher market cap than comparative retail stocks could help ORLY benefit in a deflationary environment assuming the dollar trends higher in the intermediate - long term. Gas or electric and an ever growing group of DYI'ers automotive retail stands to benefit...
O'Reilly is a well known automotive parts company with solid fundamental. Its price has been going higher and higher with occasional dips which make perfect buying opportunities ("buy the dip"). This one being one of them. Good luck, Your Ganbu ⚠️ Let me know your feedback and comments below! ⚠️ Follow me if you would like to see more analysis like this