AXOS FINANCIAL INC (AX) Stock Technical Analysis
NYSE:AX - New York Stock Exchange, Inc. - US05465C1009 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to AX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
AX is part of the Banks industry. There are 396 other stocks in this industry. AX outperforms 85% of them.
AX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AX has a been trading in the 75.35 - 87.04 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, AX did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, AX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 82.96, a Stop Loss order could be placed below this zone.
More info and screens
58.74
87.47
5 important support areas can be observed.
- A support zone ranging from 82.88 to 82.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 76.07 to 76.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.34 from a horizontal line in the daily time frame.
- Support @61.66 from a trend line in the weekly time frame.
- Support @59.33 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 84.79 to 86.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 AX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AX is up. |
| ChartMill Relative Strength | 80.82 | POSITIVE | AX has a high relative strength, it outperformed 80.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.41 | NEUTRAL | The RSI value for AX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests AX has a negative trend. |
| Stochastics (14,3) | 66.96 | NEUTRAL | The Stochastics value for AX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for AX suggests some volalility. |
| Average Directional Index/ADX (14) | 42.35 | POSITIVE | The high ADX value value for AX suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 86.61 | 82.87 | 3.74 (4.32%) | 23.16% |
| An entry @86.61. This is a Buy Stop order right above the resistance zone. | An exit @82.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.74 points, which is 4.32%. | When investing 23.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
84.53
-1.21 (-1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.41%
1 Week-1.2%
2 Weeks-0.21%
1 Month12.5%
3 Month34.75%
6 Month17.66%
12 Month10.38%
2 Year79.85%
3 Year102.42%
5 Year277.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.99
ATR(20)%2.51%
ATR Inc-19.1%
Range Today1.99
ADR(20)2.03
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.82
Mansfield1.07
10 Day High87.04
10 Day Low81.95
20 Day High87.04
20 Day Low75.35
52 Week High88.46
52 Week Low54.46
CS1 End82.96
CR1 Start84.79
Volume & EV
DER(3)-0.28%
DER(5)0.08%
Volume328.08K
Volume Incr-25.7%
Vol(5)288.60K
Vol(50)338.00K