AMERICAN AXLE & MFG HOLDINGS (AXL) Stock Technical Analysis
NYSE:AXL - New York Stock Exchange, Inc. - US0240611030 - Common Stock - Currency: USD
Taking everything into account, AXL scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. AXL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, AXL is a bad performer in the overall market: 88% of all stocks are doing better.
AXL is one of the lesser performing stocks in the Automobile Components industry. 87% of 81 stocks in the same industry do 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.
AXL has an average volume of 2830690 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.
In the last month AXL has a been trading in the 3.68 - 4.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of AXL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.23
6.05
When analyzing the support we notice one important area.
- A support zone ranging from 4.27 to 4.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 4.49 to 4.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.73 from a horizontal line in the daily time frame.
- Resistance @5.52 from a trend line in the weekly time frame.
- Resistance @5.68 from a trend line in the daily time frame.
- Resistance @5.99 from a horizontal line in the daily 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 | 12.28 | NEGATIVE | AXL has a low relative strength, it was outperformed by 87.72% 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) | DOWN | MIXED | The current price of AXL is above a declining 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) | 52.37 | NEUTRAL | The RSI value for AXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AXL has a negative trend. |
| Stochastics (14,3) | 48.58 | NEUTRAL | The Stochastics value for AXL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for AXL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.67 | POSITIVE | The high ADX value value for AXL suggests a strong 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)
4.28
-0.1 (-2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-2.28%
1 Week-4.46%
2 Weeks0%
1 Month14.75%
3 Month-23.57%
6 Month-34.36%
12 Month-42.24%
2 Year-36.59%
3 Year-47.23%
5 Year-39.8%
10 Year-82.95%
15 Year-52.29%
Volatility
ATR(14)0.19
ATR(20)%4.88%
ATR Inc-33.17%
Range Today0.12
ADR(20)0.19
ADR(20)%4.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.28
Mansfield-2.71
10 Day High4.75
10 Day Low4.21
20 Day High4.75
20 Day Low3.68
52 Week High7.76
52 Week Low3
CS1 End4.28
CR1 Start4.49
Volume & EV
DER(3)-0.59%
DER(5)0.88%
Volume2.76M
Volume Incr-21.09%
Vol(5)2.40M
Vol(50)2.83M