Anixter International Inc (AXE) Technical Analysis
NYSE:AXE
Current stock price
AXE Technical Rating and Analysis
Overall AXE gets a technical rating of 10 out of 10. In the last year, AXE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AXE is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, AXE also shows a nice and consistent pattern of rising prices.
- AXE 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 AXE has a been trading in the 93.28 - 99.29 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Volume is considerably higher in the last couple of days.
AXE Weekly and Daily overview Charts
AXE Setup Rating and Analysis
Besides having an excellent technical rating, AXE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 97.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AXE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
AXE Support and Resistance Analysis
80.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 96.90 to 97.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 87.35 to 87.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 97.88 to 99.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
AXE Technical Indicator Signal Analysis
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 AXE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXE is up. |
| ChartMill Relative Strength | 90.86 | POSITIVE | AXE has a high relative strength, it outperformed 90.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.07 | NEUTRAL | The RSI value for AXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests AXE has a negative trend. |
| Stochastics (14,3) | 63.19 | NEUTRAL | The Stochastics value for AXE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for AXE suggests low volalility. |
AXE Chart- and CandleStick Pattern Analysis
AXE Example Setup
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 |
|---|---|---|---|
| 99.28 | 96.89 | 2.39 (2.41%) | 25.00% |
| An entry @99.28. This is a Buy Stop order right above the resistance zone. | An exit @96.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.39 points, which is 2.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- 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.
AXE Technicals: Chart, Performance Metrics, Trend & Indicators
97.85
-0.02 (-0.02%)
Anixter International Inc / AXE TA FAQ
What is the technical rating for AXE stock?
ChartMill assigns a technical rating of 9 / 10 to AXE.
What is the trend direction for AXE stock?
The current trend direction for Anixter International Inc (AXE) is Bullish.
What is the RSI signal for AXE stock?
Anixter International Inc (AXE) has an RSI value of 62.0744. This indicates that the stock is currently neutral.
What is the MACD signal for Anixter International Inc (AXE) stock?
The MACD indicator for Anixter International Inc (AXE) has a value of -0.113965, indicating a bearish trend.
Can you provide the short term momentum for Anixter International Inc?
The short term momentum for Anixter International Inc (AXE) is positive.