AXIS CAPITAL HOLDINGS LTD (AXS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AXS - BMG0692U1099 - Common Stock
Overall AXS gets a technical rating of 8 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.
Besides having an excellent technical rating, AXS also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 98.68, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 97.68 to 98.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.10 from a trend line in the weekly time frame.
- 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.
- A support zone ranging from 87.23 to 88.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @103.82 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 | UP | POSITIVE | The long term trend for AXS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXS is up. |
| ChartMill Relative Strength | 65.23 | 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 | POSITIVE | The current price of AXS is above 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) | 55.64 | NEUTRAL | The RSI value for AXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AXS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.18 | NEUTRAL | The Stochastics value for AXS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for AXS suggests low volalility. |
| Average Directional Index/ADX (14) | 29.16 | POSITIVE | The high ADX value value for AXS suggests a strong 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 |
|---|---|---|---|
| 100.91 | 99.21 | 1.71 (1.69%) | 25.00% |
| An entry @100.91. This is a Buy Stop order right above the 10 day moving average. | An exit @99.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.71 points, which is 1.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- The distance between exit and entry is rather small compared to the average daily movement of AXS. Please evaluate whether better entry and exit points can be found.
- 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.
99.57
-1.32 (-1.31%)
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 8 / 10 to AXS.
What is the current trend direction of AXIS CAPITAL HOLDINGS LTD (AXS) stock?
The current trend direction for AXIS CAPITAL HOLDINGS LTD (AXS) is Bullish.
What is the RSI signal for AXS stock?
AXIS CAPITAL HOLDINGS LTD (AXS) has an RSI value of 55.6438. 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 0.0720254, 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 98.68 and a resistance level at 103.82. Check the full technical report for our detailed analysis of AXS support and resistance levels.