AXALTA COATING SYSTEMS LTD (AXTA) Stock Technical Analysis
USA - NYSE:AXTA - BMG0750C1082 - Common Stock
30.5 USD
-0.3 (-0.97%)
32.5 USD
+2 (+6.56%)
Overall AXTA gets a technical rating of 1 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.
When comparing the yearly performance of all stocks, AXTA is a bad performer in the overall market: 80% of all stocks are doing better.
AXTA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AXTA has a been trading in the 30.30 - 32.39 range, which is quite wide. It is currently trading near the lows of this range.
AXTA has an average volume of 2783120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
AXTA is part of the Chemicals industry. There are 83 other stocks in this industry, AXTA did better than 50% of them.
Although the technical rating is bad, AXTA does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
27.54
33.62
We found 2 important support areas.
- Support @28.49 from a horizontal line in the daily time frame.
- A support zone ranging from 27.82 to 28.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.23 to 32.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for AXTA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AXTA is neutral. |
| ChartMill Relative Strength | 20.64 | NEGATIVE | AXTA has a low relative strength, it was outperformed by 79.36% 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 | 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) | 46.81 | NEUTRAL | The RSI value for AXTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests AXTA has a negative trend. |
| Stochastics (14,3) | 13.11 | OVERSOLD | The low Stochastics value suggests AXTA may be oversold. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.54 | 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)
30.5
-0.3 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.97%
1 Week-1.42%
2 Weeks-0.97%
1 Month-1.83%
3 Month4.96%
6 Month-9.79%
12 Month-15.44%
2 Year13.38%
3 Year44.82%
5 Year37.57%
10 Year20.36%
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%2.35%
ATR Inc23.87%
Range Today1.25
ADR(20)0.7
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.64
Mansfield-1.85
10 Day High32.39
10 Day Low30.3
20 Day High32.39
20 Day Low30.3
52 Week High41.66
52 Week Low27.58
CS1 End28.49
CR1 Start31.23
Volume & EV
DER(3)2.75%
DER(5)1.99%
Volume4.36M
Volume Incr-1.04%
Vol(5)2.50M
Vol(50)2.78M