GREAT AJAX CORP (AJX) Stock Technical Analysis
NYSE:AJX - New York Stock Exchange, Inc. - US38983D3008 - REIT - Currency: USD
Taking everything into account, AJX scores 0 out of 10 in our technical rating. AJX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, AJX is a bad performer in the overall market: 88% of all stocks are doing better.
AJX is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 65 other stocks in this industry, of which 89% are performing better than AJX.
AJX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
AJX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Although the technical rating is bad, AJX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.01, a Stop Loss order could be placed below this zone.
More info and screens
2.91
3.81
We found 1 important support area.
- A support zone ranging from 2.94 to 3.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.12 to 3.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.34 to 3.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.42 from a trend line in the weekly time frame.
- Resistance @3.62 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.74 to 3.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AJX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AJX is down. |
| ChartMill Relative Strength | 12.63 | NEGATIVE | AJX has a low relative strength, it was outperformed by 87.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AJX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AJX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AJX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.2 | NEUTRAL | The RSI value for AJX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AJX has a positive trend. |
| Stochastics (14,3) | 38.81 | NEUTRAL | The Stochastics value for AJX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for AJX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.83 | NEGATIVE | The low ADX value for AJX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.02
-0.02 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.66%
1 Week1%
2 Weeks-0.66%
1 Month-3.82%
3 Month-6.21%
6 Month-8.76%
12 Month-38.99%
2 Year-58.34%
3 Year-77.05%
5 Year-79.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.15%
ATR Inc9.02%
Range Today0.1
ADR(20)0.09
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.63
Mansfield-3.13
10 Day High3.14
10 Day Low2.92
20 Day High3.21
20 Day Low2.92
52 Week High6.01
52 Week Low2.92
CS1 End3.01
CR1 Start3.12
Volume & EV
DER(3)-2.26%
DER(5)-3.23%
Volume224.80K
Volume Incr36.51%
Vol(5)195.89K
Vol(50)138.52K