AXALTA COATING SYSTEMS LTD (AXTA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AXTA - BMG0750C1082 - Common Stock
Overall AXTA gets a technical rating of 3 out of 10. In the past year, AXTA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
AXTA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.65. Right above this resistance zone may be a good entry point.
More info and screens
27.28
3 important support areas can be observed.
- Support @30.00 from a trend line in the daily time frame.
- A support zone ranging from 28.10 to 29.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.56 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 30.65 to 31.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.82 from a horizontal line in the weekly time frame.
- Resistance @32.38 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for AXTA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXTA is up. |
| ChartMill Relative Strength | 19.7 | NEGATIVE | AXTA has a low relative strength, it was outperformed by 80.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AXTA is above 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) | 59.74 | NEUTRAL | The RSI value for AXTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests AXTA has a positive trend. |
| Stochastics (14,3) | 75.18 | NEUTRAL | The Stochastics value for AXTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.97 | NEUTRAL | The ADX value for AXTA suggests a possible start of a new trend. |
30.13
+0.37 (+1.24%)
AXALTA COATING SYSTEMS LTD / AXTA FAQ
What is the technical rating for AXTA stock?
ChartMill assigns a technical rating of 3 / 10 to AXTA.
Can you provide the trend direction for AXALTA COATING SYSTEMS LTD?
The current trend direction for AXALTA COATING SYSTEMS LTD (AXTA) is Bearish.
Can you provide the RSI signal for AXALTA COATING SYSTEMS LTD?
AXALTA COATING SYSTEMS LTD (AXTA) has an RSI value of 59.7432. This indicates that the stock is currently neutral.
What is the short term momentum for AXALTA COATING SYSTEMS LTD (AXTA) stock?
The short term momentum for AXALTA COATING SYSTEMS LTD (AXTA) is positive.
Can you provide the support and resistance levels for AXALTA COATING SYSTEMS LTD?
AXALTA COATING SYSTEMS LTD (AXTA) has a support level at 30 and a resistance level at 30.65. Check the full technical report for our detailed analysis of AXTA support and resistance levels.