AXALTA COATING SYSTEMS LTD (AXTA) Technical Analysis
NYSE:AXTA • BMG0750C1082
Overall AXTA gets a technical rating of 0 out of 10. AXTA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, AXTA is a bad performer in the overall market: 79% of all stocks are doing better.
- AXTA is part of the Chemicals industry. There are 83 other stocks in this industry, of which 80% are performing better than AXTA.
- In the last month AXTA has a been trading in the 28.18 - 35.72 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- AXTA has an average volume of 3321420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- AXTA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AXTA is lagging the market.
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
28.80
We found 1 important resistance area.
- Resistance @34.20 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for AXTA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXTA is down. |
| ChartMill Relative Strength | 21.34 | NEGATIVE | AXTA has a low relative strength, it was outperformed by 78.66% 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) | 23.48 | OVERSOLD | The low RSI value suggests AXTA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests AXTA has a negative trend. |
| Stochastics (14,3) | 12.99 | OVERSOLD | The low Stochastics value suggests AXTA may be oversold. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.17 | POSITIVE | The high ADX value value for AXTA suggests a strong trend. |
AXTA Technicals: Chart, Performance Metrics, Trend & Indicators
29.09
-0.2 (-0.68%)
AXALTA COATING SYSTEMS LTD / AXTA FAQ
What is the technical rating for AXTA stock?
ChartMill assigns a technical rating of 0 / 10 to AXTA.
What is the trend direction for AXTA stock?
The current trend direction for AXALTA COATING SYSTEMS LTD (AXTA) is Bearish.
What is the RSI signal for AXALTA COATING SYSTEMS LTD (AXTA) stock?
AXALTA COATING SYSTEMS LTD (AXTA) has an RSI value of 23.4811. This indicates that the stock is currently oversold.
What is the MACD signal for AXALTA COATING SYSTEMS LTD (AXTA) stock?
The MACD indicator for AXALTA COATING SYSTEMS LTD (AXTA) has a value of -0.588763, indicating a bearish trend.