AXIS CAPITAL HOLDINGS LTD (AXS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AXS • BMG0692U1099
Overall AXS gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AXS is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- AXS is one of the better performing stocks in the Insurance industry, it outperforms 76% of 149 stocks in the same industry.
- AXS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AXS is lagging the market slightly.
- When compared to the yearly performance of all other stocks, AXS outperforms 59% of them, which is more or less in line with the market.
- In the last month AXS has a been trading in the 98.24 - 108.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, AXS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 102.99, a Stop Loss order could be placed below this zone.
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89.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 102.65 to 102.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 97.40 to 99.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 90.73 to 91.14. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @106.93 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 108.99 to 109.18. 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 | UP | POSITIVE | The long term trend for AXS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AXS is neutral. |
| ChartMill Relative Strength | 59.71 | NEUTRAL | AXS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AXS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.13 | NEUTRAL | The RSI value for AXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests AXS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.26 | NEUTRAL | The Stochastics value for AXS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for AXS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for AXS suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 106.94 | 102.64 | 4.30 (4.02%) | 24.87% |
| An entry @106.94. This is a Buy Stop order right above the resistance zone. | An exit @102.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.30 points, which is 4.02%. | When investing 24.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
103.06
-3.47 (-3.26%)
AXIS CAPITAL HOLDINGS LTD / AXS FAQ
What is the ChartMill technical rating of AXIS CAPITAL HOLDINGS LTD (AXS) stock?
ChartMill assigns a technical rating of 6 / 10 to AXS.
What is the trend direction for AXS stock?
The current trend direction for AXIS CAPITAL HOLDINGS LTD (AXS) is Bullish.
Can you provide the RSI signal for AXIS CAPITAL HOLDINGS LTD?
AXIS CAPITAL HOLDINGS LTD (AXS) has an RSI value of 47.1269. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AXIS CAPITAL HOLDINGS LTD?
The MACD indicator for AXIS CAPITAL HOLDINGS LTD (AXS) has a value of 0.251287, indicating a bearish trend.
What are the support and resistance levels for AXIS CAPITAL HOLDINGS LTD (AXS) stock?
AXIS CAPITAL HOLDINGS LTD (AXS) has a support level at 102.99 and a resistance level at 106.93. Check the full technical report for our detailed analysis of AXS support and resistance levels.