AMERICAN AXLE & MFG HOLDINGS (AXL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AXL - US0240611030 - Common Stock
Taking everything into account, AXL scores 8 out of 10 in our technical rating. 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.
AXL 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 resistance zone just above the current price starting at 6.58. Right above this resistance zone may be a good entry point.
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5.76
We found 3 important support areas.
- Support @6.51 from a trend line in the weekly time frame.
- A support zone ranging from 6.17 to 6.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.82 to 5.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.58 to 6.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.77 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 | 73.25 | POSITIVE | AXL has a high relative strength, it outperformed 73.25% 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) | 56.43 | NEUTRAL | The RSI value for AXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AXL has a positive trend. |
| Stochastics (14,3) | 67.05 | NEUTRAL | The Stochastics value for AXL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for AXL suggests some volalility. |
| Average Directional Index/ADX (14) | 8.73 | NEGATIVE | The low ADX value for AXL 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 |
|---|---|---|---|
| 6.66 | 6.50 | 0.16 (2.40%) | 25.00% |
| An entry @6.66. This is a Buy Stop order right above the resistance zone. | An exit @6.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.16 points, which is 2.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The distance between exit and entry is rather small compared to the average daily movement of AXL. Please evaluate whether better entry and exit points can be found.
- 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.
6.56
+0.09 (+1.39%)
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 56.4315. 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.