AXALTA COATING SYSTEMS LTD (AXTA) Technical Analysis
NYSE:AXTA • BMG0750C1082
Current stock price
AXTA Technical Rating and Analysis
Overall AXTA gets a technical rating of 2 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.
- 82% of all other stocks performed better in the past year than AXTA.
- AXTA is one of the lesser performing stocks in the Chemicals industry. 81% of 82 stocks in the same industry do better.
- AXTA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- AXTA has an average volume of 2667650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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.
AXTA Weekly and Daily overview Charts
AXTA Setup Rating and Analysis
AXTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
AXTA Support and Resistance Analysis
26.74
We found 1 important support area.
- Support @27.01 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.58 to 30.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.55 from a trend line in the weekly time frame.
AXTA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for AXTA is up. |
| ChartMill Relative Strength | 18.46 | NEGATIVE | AXTA has a low relative strength, it was outperformed by 81.54% 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 | 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) | 53.61 | NEUTRAL | The RSI value for AXTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests AXTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.5 | NEUTRAL | The Stochastics value for AXTA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.41 | NEUTRAL | The ADX value for AXTA suggests a possible start of a new trend. |
AXTA Chart- and CandleStick Pattern Analysis
AXTA Technicals: Chart, Performance Metrics, Trend & Indicators
29.43
-0.24 (-0.81%)
AXALTA COATING SYSTEMS LTD / AXTA TA FAQ
What is the technical rating for AXTA stock?
ChartMill assigns a technical rating of 2 / 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 AXTA stock?
AXALTA COATING SYSTEMS LTD (AXTA) has an RSI value of 53.612. This indicates that the stock is currently neutral.
What is the short term momentum for AXTA stock?
The short term momentum for AXALTA COATING SYSTEMS LTD (AXTA) is positive.
What is the support and resistance level for AXTA stock?
AXALTA COATING SYSTEMS LTD (AXTA) has a support level at 27.01 and a resistance level at 29.58. Check the full technical report for our detailed analysis of AXTA support and resistance levels.