AXOS FINANCIAL INC (AX) Stock Technical Analysis
NYSE:AX - New York Stock Exchange, Inc. - US05465C1009 - Common Stock - Currency: USD
Overall AX gets a technical rating of 7 out of 10. AX was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, AX did better than 86% of all other stocks.
AX is part of the Banks industry. There are 396 other stocks in this industry. AX outperforms 84% of them.
AX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AX is lagging the market slightly.
AX has an excellent technical rating, but the quality of the setup is only medium 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
59.29
74.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 69.34 to 69.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.89 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 70.45 to 71.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.41 to 73.59. 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 AX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AX is neutral. |
| ChartMill Relative Strength | 86.72 | POSITIVE | AX has a high relative strength, it outperformed 86.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AX is below a declining 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) | 50.26 | NEUTRAL | The RSI value for AX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests AX has a negative trend. |
| Stochastics (14,3) | 66.16 | NEUTRAL | The Stochastics value for AX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for AX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.5 | NEUTRAL | The ADX value for AX suggests a possible start of a new 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)
70.05
-2.54 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.5%
1 Week-2.14%
2 Weeks0.73%
1 Month-3.67%
3 Month9.56%
6 Month-12.02%
12 Month34.04%
2 Year77.61%
3 Year95.4%
5 Year217.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%2.32%
ATR Inc42.03%
Range Today2.03
ADR(20)1.5
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.72
Mansfield-0.09
10 Day High73.6
10 Day Low67.89
20 Day High73.6
20 Day Low67.5
52 Week High88.46
52 Week Low51.81
CS1 End69.54
CR1 Start70.45
Volume & EV
DER(3)-2.52%
DER(5)-1.07%
Volume551.00K
Volume Incr45.44%
Vol(5)396.50K
Vol(50)374.29K