Anixter International Inc (AXE) Stock Technical Analysis
NYSE:AXE - New York Stock Exchange, Inc. -
We assign a technical rating of 10 out of 10 to AXE. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AXE did better than 90% of all other stocks. We also observe that the gains produced by AXE over the past year are nicely spread over this period.
AXE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AXE is leading 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 has an excellent technical rating and 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
80.52
100.26
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.
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. |
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 |
|---|---|---|---|
| 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 trade has a worst case loss of 2.39 points, which is 2.41%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
97.85
-0.02 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.02%
1 Week0.31%
2 Weeks-0.31%
1 Month4.15%
3 Month23.08%
6 Month11.23%
12 Month67.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.23
ATR(20)%1.33%
ATR Inc-28.26%
Range Today0.83
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.86
Mansfield1.56
10 Day High99.17
10 Day Low95.59
20 Day High99.29
20 Day Low93.28
52 Week High99.39
52 Week Low55.36
CS1 End97.62
CR1 Start97.88
Volume & EV
DER(3)4.29%
DER(5)4.32%
Volume2.53M
Volume Incr120.17%
Vol(5)683.06K
Vol(50)369.13K