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 8 out of 10. Although AXTA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although AXTA has an excellent technical rating, the quality of the presented setup is not ideal 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
27.28
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.01 to 29.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.56 to 27.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.30 to 32.39. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for AXTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXTA is up. |
| ChartMill Relative Strength | 55.36 | NEUTRAL | AXTA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of AXTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AXTA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.8 | NEUTRAL | The RSI value for AXTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests AXTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.94 | OVERBOUGHT | The high Stochastics value suggests AXTA may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.04 | POSITIVE | The high ADX value value for AXTA suggests a strong trend. |
32.29
+0.01 (+0.03%)
AXALTA COATING SYSTEMS LTD / AXTA FAQ
What is the technical rating for AXTA stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for AXALTA COATING SYSTEMS LTD?
AXALTA COATING SYSTEMS LTD (AXTA) has an RSI value of 69.8038. 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 29.45 and a resistance level at 32.3. Check the full technical report for our detailed analysis of AXTA support and resistance levels.