AMERICAN AXLE & MFG HOLDINGS (AXL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AXL - US0240611030 - Common Stock
Overall AXL gets a technical rating of 8 out of 10. 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. Prices have been consolidating lately and the volatility has been reduced. 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. There is a support zone below the current price at 6.27, a Stop Loss order could be placed below this zone.
More info and screens
5.57
We found 4 important support areas.
- A support zone ranging from 6.04 to 6.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.92 to 5.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.82 from a horizontal line in the daily time frame.
- Support @5.63 from a trend line in the daily time frame.
We found 1 important resistance area.
- 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.
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 | 65.32 | 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) | 57.91 | NEUTRAL | The RSI value for AXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AXL has a positive trend. |
| Stochastics (14,3) | 81.11 | OVERBOUGHT | The high Stochastics value suggests AXL may be overbought. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for AXL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.46 | 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 | 6.03 | 0.63 (9.46%) | 10.57% |
| An entry @6.66. This is a Buy Stop order right above the resistance zone. | An exit @6.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.63 points, which is 9.46%. | For a 1.00% total portfolio risk, you can invest 10.57% 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.
6.57
+0.04 (+0.61%)
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 57.9078. 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.