AXIS CAPITAL HOLDINGS LTD (AXS)       57.04  -0.28 (-0.49%)

57.04  -0.28 (-0.49%)

BMG0692U1099 - Common Stock

Technical Rating

9

We assign a technical rating of 9 out of 10 to AXS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AXS is showing a nice and steady performance.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AXS is one of the better performing stocks in the market, outperforming 88% of all stocks.
AXS is part of the Insurance industry. There are 143 other stocks in this industry. AXS outperforms 72% of them.
In the last month AXS has a been trading in the 53.44 - 58.21 range, which is quite wide. It is currently trading near the high of this range.
AXS 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.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 3.78% 5.56% 2.43% 9.72% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.57 48.32 - 61.39
AXS Weekly chart
AXS Daily chart

Support/Resistance Analysis


45.44

58.95
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 54.27 to 54.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 48.76 to 49.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @45.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 57.49 to 58.37. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

6

Although AXS has an excellent technical rating, the quality of the presented setup is not ideal 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.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
58.3855.702.68 (4.59%)21.78%
An entry @58.38. This is a Buy Stop order right above the resistance zone.An exit @55.70. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 2.68 points, which is 4.59%.When investing 21.78% 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.
AXS Daily chart

AXIS CAPITAL HOLDINGS LTD57.04

NYSE:AXS (12/7/2022, 12:49:48 PM)-0.28 (-0.49%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today -0.49% 1 Week 0.69%
2 Weeks 2.93% 1 Month 3.78%
3 Month 5.56% 6 Month 2.43%
Volatility
ATR(14) 1.02 ATR(20)% 1.95%
ATR Inc 47.67% Range Today 0.72
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 88.57 Mansfield 0.91
10 Day High 58.21 10 Day Low 55.71
20 Day High 58.21 20 Day Low 53.44
52 Week High 61.39 52 Week Low 48.32
CS1 End 54.66 CR1 Start 57.49
Volume & EV
DER(3) 1.76% DER(5) 3.06%
Volume 119.39K Volume Incr -19.65%
Vol(5) 353.94K Vol(50) 557.41K

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