AMERICAN AXLE & MFG HOLDINGS (AXL) Stock Technical Analysis
NYSE:AXL - New York Stock Exchange, Inc. - US0240611030 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to AXL. In the past year, AXL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, AXL is a bad performer in the overall market: 79% of all stocks are doing better.
AXL is one of the lesser performing stocks in the Automobile Components industry. 85% of 81 stocks in the same industry do better.
In the last month AXL has a been trading in the 3.94 - 4.58 range, which is quite wide. It is currently trading near the high of this range.
AXL has an average volume of 3125020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
AXL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AXL is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, AXL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.17, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AXL 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
4.03
5.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.21 to 4.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.07 to 4.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 4.39 to 4.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.64 from a horizontal line in the daily time frame.
- Resistance @4.73 from a horizontal line in the daily time frame.
- Resistance @5.25 from a trend 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 | DOWN | NEGATIVE | The long term trend for AXL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXL is up. |
| ChartMill Relative Strength | 21.18 | NEGATIVE | AXL has a low relative strength, it was outperformed by 78.82% 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) | DOWN | NEGATIVE | The current price of AXL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.03 | 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) | 72.02 | NEUTRAL | The Stochastics value for AXL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for AXL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for AXL suggests a weak or negative trend. |
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)
4.38
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0%
1 Week4.29%
2 Weeks2.1%
1 Month2.1%
3 Month28.45%
6 Month-23.96%
12 Month-34.33%
2 Year-53.65%
3 Year-50.84%
5 Year-37.96%
10 Year-78.08%
15 Year-52.95%
Volatility
ATR(14)0.19
ATR(20)%4.21%
ATR Inc-32.09%
Range Today0.12
ADR(20)0.17
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.18
Mansfield-2.57
10 Day High4.46
10 Day Low3.94
20 Day High4.58
20 Day Low3.94
52 Week High7.65
52 Week Low3
CS1 End4.17
CR1 Start4.18
Volume & EV
DER(3)6.49%
DER(5)6.04%
Volume2.73M
Volume Incr48%
Vol(5)4.53M
Vol(50)3.13M