AXALTA COATING SYSTEMS LTD (AXTA) Stock Technical Analysis
USA - NYSE:AXTA - BMG0750C1082 - Common Stock
26.74 USD
-0.61 (-2.23%)
26.74 USD
0 (0%)
Overall AXTA gets a technical rating of 0 out of 10. AXTA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
89% of all other stocks performed better in the past year than AXTA.
AXTA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month AXTA has a been trading in the 26.74 - 31.74 range, which is quite wide. It is currently trading near the lows of this range.
AXTA has an average volume of 3028890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AXTA is part of the Chemicals industry. There are 83 other stocks in this industry, AXTA did better than 42% of them.
The technical rating of AXTA 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
26.47
33.62
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 27.88 to 28.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.23 to 31.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.29 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 AXTA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXTA is down. |
| ChartMill Relative Strength | 11.66 | NEGATIVE | AXTA has a low relative strength, it was outperformed by 88.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AXTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AXTA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AXTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.21 | OVERSOLD | The low RSI value suggests AXTA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests AXTA has a negative trend. |
| Stochastics (14,3) | 4.1 | OVERSOLD | The low Stochastics value suggests AXTA may be oversold. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.82 | POSITIVE | The high ADX value value for AXTA 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)
26.74
-0.61 (-2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-2.23%
1 Week-5.14%
2 Weeks-3.78%
1 Month-15.86%
3 Month-12.39%
6 Month-12.81%
12 Month-27.53%
2 Year1.94%
3 Year14.67%
5 Year6.49%
10 Year-3.22%
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%2.93%
ATR Inc-17.36%
Range Today0.71
ADR(20)0.78
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.66
Mansfield-2.81
10 Day High29.09
10 Day Low26.74
20 Day High31.74
20 Day Low26.74
52 Week High41.66
52 Week Low26.74
CS1 EndN/A
CR1 Start27.88
Volume & EV
DER(3)-6.02%
DER(5)-3.1%
Volume3.48M
Volume Incr6.39%
Vol(5)3.59M
Vol(50)3.03M