AXALTA COATING SYSTEMS LTD (AXTA) Stock Technical Analysis
NYSE:AXTA - New York Stock Exchange, Inc. - BMG0750C1082 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AXTA. 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.
Although the technical rating is bad, AXTA does present a nice setup opportunity. 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 30.88. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AXTA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
28.21
When analyzing the support we notice one important area.
- A support zone ranging from 28.49 to 28.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 30.88 to 31.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 22.21 | NEGATIVE | AXTA has a low relative strength, it was outperformed by 77.79% 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) | 53.87 | NEUTRAL | The RSI value for AXTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests AXTA has a positive trend. |
| Stochastics (14,3) | 83.48 | OVERBOUGHT | The high Stochastics value suggests AXTA may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for AXTA suggests a possible start of a new trend. |
30.87
-0.37 (-1.18%)