AMERICAN AXLE & MFG HOLDINGS (AXL) Stock Technical Analysis
USA - NYSE:AXL - US0240611030 - Common Stock
We assign a technical rating of 8 out of 10 to AXL. Although AXL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although AXL has an excellent technical rating, it does not offer a high quality setup 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
5.29
We found 3 important support areas.
- A support zone ranging from 6.19 to 6.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.65 to 5.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.34 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @6.50 from a horizontal line in the weekly time frame.
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 AXL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXL is up. |
| ChartMill Relative Strength | 65 | NEUTRAL | AXL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.98 | NEUTRAL | The RSI value for AXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AXL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.05 | NEUTRAL | The Stochastics value for AXL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for AXL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.83 | POSITIVE | The high ADX value value for AXL suggests a strong trend. |
6.37
+0.17 (+2.74%)
AMERICAN AXLE & MFG HOLDINGS / AXL FAQ
Can you provide the ChartMill technical rating for AMERICAN AXLE & MFG HOLDINGS?
ChartMill assigns a technical rating of 8 / 10 to AXL.
What is the current trend direction of AMERICAN AXLE & MFG HOLDINGS (AXL) stock?
The current trend direction for AMERICAN AXLE & MFG HOLDINGS (AXL) is Bullish.
What is the RSI signal for AMERICAN AXLE & MFG HOLDINGS (AXL) stock?
AMERICAN AXLE & MFG HOLDINGS (AXL) has an RSI value of 56.9778. This indicates that the stock is currently neutral.
What is the short term momentum for AXL stock?
The short term momentum for AMERICAN AXLE & MFG HOLDINGS (AXL) is positive.
What is the buy/sell signal for AXL stock?
The buy/sell signal for AMERICAN AXLE & MFG HOLDINGS (AXL) is buy as both the short term and long term trends are positive.