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 2 out of 10 to AXL. AXL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
87% of all other stocks performed better in the past year than AXL.
AXL is part of the Automobile Components industry. There are 80 other stocks in this industry, of which 89% are performing better than AXL.
In the last month AXL has a been trading in the 4.25 - 4.96 range, which is quite wide. It is currently trading near the lows of this range.
AXL has an average volume of 3297220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Although the technical rating is bad, AXL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.13, 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
5.07
We found 1 important support area.
- A support zone ranging from 4.07 to 4.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @4.82 from a trend line in the daily time frame.
- A resistance zone ranging from 4.94 to 5.02. 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 | NEUTRAL | NEUTRAL | The long term trend for AXL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXL is down. |
| ChartMill Relative Strength | 13.48 | NEGATIVE | AXL has a low relative strength, it was outperformed by 86.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AXL is below 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) | 46.75 | NEUTRAL | The RSI value for AXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests AXL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.07 | OVERSOLD | The low Stochastics value suggests AXL may be oversold. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for AXL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | 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)
4.43
+0.08 (+1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg1.84%
1 Week-4.53%
2 Weeks-5.34%
1 Month1.61%
3 Month3.5%
6 Month-12.1%
12 Month-31.95%
2 Year-41.32%
3 Year-57.2%
5 Year-43.06%
10 Year-78.07%
15 Year-47.07%
Volatility
ATR(14)0.2
ATR(20)%4.5%
ATR Inc-35.39%
Range Today0.19
ADR(20)0.18
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.48
Mansfield-2.08
10 Day High4.95
10 Day Low4.26
20 Day High4.96
20 Day Low4.26
52 Week High7.03
52 Week Low3
CS1 End4.13
CR1 Start4.82
Volume & EV
DER(3)3.62%
DER(5)5.18%
Volume4.75M
Volume Incr-3.67%
Vol(5)3.38M
Vol(50)3.30M