AMERICAN AXLE & MFG HOLDINGS (AXL)

US0240611030 - Common Stock

7.22  +0.14 (+1.98%)

After market: 7.22 0 (0%)

Technical Rating and Analysis

1

We assign a technical rating of 1 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.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AXL is a bad performer in the overall market: 69% of all stocks are doing better.
AXL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AXL is lagging the market.
In the last month AXL has a been trading in the 6.86 - 7.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AXL has an average volume of 2292300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AXL is an average performer in the Automobile Components industry, it outperforms 68% of 42 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
AXL Weekly chart
AXL Daily chart
Setup Rating and Analysis

8

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 a support zone below the current price at 7.19, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

6.31

8.33

We found 4 important support areas.

  • A support zone ranging from 7.14 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @7.00 from a trend line in the daily time frame.
  • A support zone ranging from 6.58 to 6.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • A support zone ranging from 6.37 to 6.38. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 4 important resistance areas.

  • A resistance zone ranging from 7.29 to 7.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 7.59 to 7.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @8.05 from a trend line in the daily time frame.
  • Resistance @8.25 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.1
Mansfield-1.31
10 Day High7.64
10 Day Low6.86
20 Day High7.64
20 Day Low6.86
52 Week High9.55
52 Week Low6.29
Performance
1 Week3.29%
2 Weeks-2.17%
1 Month0.28%
3 Month-10.42%
6 Month5.71%
12 Month0.98%
2 Year9.06%
3 Year-22.2%
5 Year-51.05%
10 Year-59.09%
15 Year622%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)52.52
LBB6.83
UBB7.51
AXL Daily chart

AMERICAN AXLE & MFG HOLDINGS

NYSE:AXL (4/22/2024, 7:04:00 PM)

After market: 7.22 0 (0%)

7.22

+0.14 (+1.98%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg1.98%
1 Week3.29%
2 Weeks-2.17%
1 Month0.28%
3 Month-10.42%
6 Month5.71%
12 Month0.98%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.24
ATR(20)%3.23%
ATR Inc
Range Today0.22
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High7.64
10 Day Low6.86
20 Day High7.64
20 Day Low6.86
52 Week High9.55
52 Week Low6.29
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.42M
Volume Incr-9.28%
Vol(5)1.28M
Vol(50)2.29M