AXOS FINANCIAL INC (AX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AX - US05465C1009 - Common Stock
We assign a technical rating of 8 out of 10 to AX. Although AX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 83.21, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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61.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 82.92 to 83.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.22 from a trend line in the daily time frame.
- A support zone ranging from 75.60 to 76.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 91.51 to 92.31. 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 | UP | POSITIVE | The short term trend for AX is up. |
| ChartMill Relative Strength | 74.22 | POSITIVE | AX has a high relative strength, it outperformed 74.22% 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) | 65.4 | NEUTRAL | The RSI value for AX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests AX has a positive trend. |
| Stochastics (14,3) | 84.03 | OVERBOUGHT | The high Stochastics value suggests AX may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for AX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.33 | NEGATIVE | The low ADX value for AX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 87.95 | 82.29 | 5.66 (6.44%) | 15.54% |
| An entry @87.95. This is a Buy Stop order right above the 10 day high. | An exit @82.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.66 points, which is 6.44%. | When investing 15.54% 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.
87.41
+1.21 (+1.4%)
AXOS FINANCIAL INC / AX FAQ
Can you provide the ChartMill technical rating for AXOS FINANCIAL INC?
ChartMill assigns a technical rating of 8 / 10 to AX.
What is the trend direction for AX stock?
The current trend direction for AXOS FINANCIAL INC (AX) is Bullish.
Can you provide the RSI signal for AXOS FINANCIAL INC?
AXOS FINANCIAL INC (AX) has an RSI value of 65.3955. This indicates that the stock is currently neutral.
What is the MACD signal for AX stock?
The MACD indicator for AXOS FINANCIAL INC (AX) has a value of 0.417082, indicating a bearish trend.
Can you provide the short term momentum for AXOS FINANCIAL INC?
The short term momentum for AXOS FINANCIAL INC (AX) is positive.