AMERICAN AXLE & MFG HOLDINGS (AXL)       9.92  +0.17 (+1.74%)

9.92  +0.17 (+1.74%)

US0240611030 - Common Stock - After market: 9.92 0 (0%)

Technical Rating

7

Taking everything into account, AXL scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AXL is only an average performer.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
AXL is part of the Auto Components industry. There are 42 other stocks in this industry. AXL outperforms 73% of them.
AXL has an average volume of 1438440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AXL is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
AXL is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month AXL has a been trading in the 8.97 - 10.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 2.37% 2.16% 11.71% 1.64% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 81.28 6.36 - 11.96
AXL Weekly chart
AXL Daily chart

Support/Resistance Analysis


6.59

11.22
We found 4 important support areas.
  • Support @9.74 from a horizontal line in the daily time frame.
  • Support @6.95 from a trend line in the daily time frame.
  • Support @6.83 from a horizontal line in the daily time frame.
  • Support @6.66 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 10.37 to 10.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 10.69 to 10.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @11.11 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

Although AXL has an excellent technical rating, it does not offer a high 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.


AXL Daily chart

AMERICAN AXLE & MFG HOLDINGS9.92

NYSE:AXL (12/6/2022, 7:22:59 PM)+0.17 (+1.74%)

After market: 9.92 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Auto Components
Performance
Today 1.74% 1 Week -2.94%
2 Weeks -2.75% 1 Month 2.37%
3 Month 2.16% 6 Month 11.71%
Volatility
ATR(14) 0.39 ATR(20)% 4.7%
ATR Inc -5.7% Range Today 0.33
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 81.28 Mansfield 2.12
10 Day High 10.77 10 Day Low 9.67
20 Day High 10.77 20 Day Low 8.97
52 Week High 11.96 52 Week Low 6.36
CS1 End 9.74 CR1 Start 10.37
Volume & EV
DER(3) -0.01% DER(5) 0.79%
Volume 897.10K Volume Incr -57.8%
Vol(5) 673.36K Vol(50) 1.44M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA