New Analysis: O'Reilly Automotive, Inc. ($ORLY) vs ZAGG Inc ($ZAGG)

2019-08-20 | Welcome! Today we compared how two different stocks in the Other Specialty Stores industry are trading: O'Reilly Automotive, Inc. and ZAGG Inc. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, O'Reilly Automotive, Inc. opened at 384.63, got to a maximum price of 387.57 and dropped to as low as 380.87 before finishing the session at 385.77. In total there were 556900 shares traded, which is enough to conduct our analysis. Compare that now to ZAGG Inc, which opened at 5.83, had a high of 5.99, a low of 5.66, closed at 5.8 and had a total volume of 640000.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator O'Reilly Automotive, Inc. ZAGG Inc
Accumulation-distribution index 5223.76464 25.04476
on-balance volume -381.64 -5.79
chaikin money flow

3.55782 3.125
force index

120.2542 0.1292
ease of movement rating

0.05185 0.01664
volume-price trend

3.18682 -1.12723
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator O'Reilly Automotive, Inc. ZAGG Inc
Average true range 4.47552 0.23955
Bolinger bands 383.14639 5.87027
Upper bollinger band 376.10361 5.21973
Lower bollinger band

380.87 5.66
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

384.35667 5.82667
High band keltner channel

381.41667 5.66667
Low band keltner channel

387.29667 5.98667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

380.87 5.66
Donchain channel low band

380.87 5.66
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator O'Reilly Automotive, Inc. ZAGG Inc
Moving Average Convergence Divergence (MACD) trend_macd -0.00516
MACD signal -0.03104 -0.00287
MACD difference -0.02483 -0.00229
fast Exponential Moving Average (EMA) indicator

380.87 5.66
slow Exponential Moving Average (EMA) indicator

380.87 5.66
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.28678 0.08077

1.4496 -12.69108
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-3.00602 1.40645
KST Oscillator (KST)

7.9553 -199.03193
KST Oscillator (KST Signal)

7.9553 -199.03193
KST difference

-1.64742 -8.13704
Ichimoku rating

386.1 5.91
Ichimoku B rating

386.1 5.91
Ichimoku visual trend A

382.14467 7.08487
Ichimoku visual trend B

382.52062 6.85898
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator O'Reilly Automotive, Inc. ZAGG Inc
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 24.79528
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

44.42819 -30.65635
stochastic oscillator

227.89116 206.25
stochastic oscillator signal

227.89116 206.25
Williams %R rating

127.89116 106.25
awesome oscillator

-1.69917 -0.02916

RETURNS: That’s all for technical analysis. Now let’s just list the returns for O'Reilly Automotive, Inc. and ZAGG Inc.

Daily return 0.79553 -19.90319
Daily log return -0.65591 -4.14848
Cumulative return -0.65377 -4.0636

So there you have it: our deep, grueling analysis comparing O'Reilly Automotive, Inc. and ZAGG Inc together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s O'Reilly Automotive, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether ORLY is strong or weak. Again – this is not a reliable indication of whether O'Reilly Automotive, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with ZAGG Inc

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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