GREAT AJAX CORP - AJX 7 1/4 04/30/24 (AJXA) Stock Technical Analysis
NYSE:AJXA - New York Stock Exchange, Inc. - US38983D4097 - Currency: USD
We assign a technical rating of 7 out of 10 to AJXA. Although AJXA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: AJXA has an average volume of 12494 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
AJXA is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 76% of 66 stocks in the same industry.
AJXA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AJXA is lagging the market slightly.
When compared to the yearly performance of all other stocks, AJXA outperforms 44% of them, which is more or less in line with the market.
In the last month AJXA has a been trading in a tight range between 24.85 and 25.08.
Volume is considerably higher in the last couple of days.
Although AJXA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.27
25.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.95 to 25.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.50 to 24.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.50 to 23.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.22 to 25.55. 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 | UP | POSITIVE | The long term trend for AJXA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AJXA is up. |
| ChartMill Relative Strength | 44.39 | NEUTRAL | AJXA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AJXA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AJXA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AJXA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.95 | NEUTRAL | The RSI value for AJXA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AJXA has a positive trend. |
| Stochastics (14,3) | 93.69 | OVERBOUGHT | The high Stochastics value suggests AJXA may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for AJXA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for AJXA 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)
GREAT AJAX CORP - AJX 7 1/4 04/30/24
NYSE:AJXA (4/29/2024, 8:04:00 PM)
25.07
+0.04 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.16%
1 Week0.48%
2 Weeks0.52%
1 Month0.6%
3 Month0.64%
6 Month4.09%
12 Month4.98%
2 Year0%
3 Year-1.65%
5 Year-3.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.16%
ATR Inc31.55%
Range Today0.06
ADR(20)0.04
ADR(20)%0.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.39
Mansfield-0.82
10 Day High25.08
10 Day Low24.92
20 Day High25.08
20 Day Low24.85
52 Week High25.3
52 Week Low23.76
CS1 End25.06
CR1 Start25.22
Volume & EV
DER(3)9%
DER(5)5.27%
Volume31.10K
Volume Incr167.27%
Vol(5)32.54K
Vol(50)12.49K