AMERICAN AXLE & MFG HOLDINGS (AXL) Technical Analysis
NYSE:AXL • US0240611030
Current stock price
9 USD
+0.78 (+9.49%)
At close:
9.14 USD
+0.14 (+1.56%)
After Hours:
AXL Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to AXL. Both in the recent history as in the last year, AXL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that AXL is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, AXL also shows a nice and consistent pattern of rising prices.
- AXL is one of the better performing stocks in the Automobile Components industry, it outperforms 92% of 41 stocks in the same industry.
- AXL is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AXL is leading the market.
- In the last month AXL has a been trading in the 6.88 - 9.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- AXL has an average volume of 4195220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AXL Weekly and Daily overview Charts
AXL Setup Rating and Analysis
Although AXL has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
AXL Support and Resistance Analysis
6.44
9.09
We found 3 important support areas.
- A support zone ranging from 7.94 to 7.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.77 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.50 from a trend line in the weekly time frame.
AXL 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 AXL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXL is up. |
| ChartMill Relative Strength | 93.75 | POSITIVE | AXL has a high relative strength, it outperformed 93.75% off all stocks 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) | 75.54 | OVERBOUGHT | The high RSI value suggests AXL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AXL has a positive trend. |
| Stochastics (14,3) | 69.54 | NEUTRAL | The Stochastics value for AXL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for AXL suggests some volalility. |
| Average Directional Index/ADX (14) | 40.57 | POSITIVE | The high ADX value value for AXL suggests a strong trend. |
AXL Chart- and CandleStick Pattern Analysis
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)
AXL Technicals: Chart, Performance Metrics, Trend & Indicators
9
+0.78 (+9.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg9.49%
1 Week11.94%
2 Weeks6.76%
1 Month27.66%
3 Month37.4%
6 Month70.45%
12 Month78.57%
2 Year30.06%
3 Year2.27%
5 Year-7.88%
10 Year-38.44%
15 Year-32.69%
Volatility
ATR(14)0.4
ATR(20)%4.39%
ATR Inc82.3%
Range Today0.68
ADR(20)0.39
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.75
3 months CRS93.93
6 months CRS94.86
Mansfield5.17
10 Day High9
10 Day Low7.72
20 Day High9
20 Day Low6.88
52 Week High9
52 Week Low3
CS1 End7.96
CR1 StartN/A
Volume & EV
DER(3)6.02%
DER(5)5.12%
Volume10.02M
Volume Incr305.28%
Vol(5)15.17M
Vol(50)4.20M
AMERICAN AXLE & MFG HOLDINGS / AXL TA FAQ
Can you provide the ChartMill technical rating for AMERICAN AXLE & MFG HOLDINGS?
ChartMill assigns a technical rating of 10 / 10 to AXL.
What is the trend direction for AXL stock?
The current trend direction for AMERICAN AXLE & MFG HOLDINGS (AXL) is Bullish.
What is the RSI signal for AXL stock?
AMERICAN AXLE & MFG HOLDINGS (AXL) has an RSI value of 75.5387. This indicates that the stock is currently overbought.
Can you provide the short term momentum for AMERICAN AXLE & MFG HOLDINGS?
The short term momentum for AMERICAN AXLE & MFG HOLDINGS (AXL) is positive.
Can you provide the support and resistance levels for AMERICAN AXLE & MFG HOLDINGS?
AMERICAN AXLE & MFG HOLDINGS (AXL) has a support level at 7.96. Check the full technical report for our detailed analysis of AXL support and resistance levels.