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. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AXTA is only an average performer.
- The long and short term trends are both positive. This is looking good!
- In the last month AXTA has a been trading in the 31.61 - 33.63 range, which is quite wide. It is currently trading near the high of this range.
- AXTA has an average volume of 4148590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, AXTA turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- AXTA is an average performer in the Chemicals industry, it outperforms 62% of 82 stocks in the same industry.
- 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 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.29, a Stop Loss order could be placed below this zone. 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
27.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.42 to 33.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @29.76 from a trend line in the daily time frame.
- Support @27.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.58 to 33.62. This zone is formed by a combination of multiple trend lines 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 | 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 | 53.99 | 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) | UP | POSITIVE | The current price of AXTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.44 | NEUTRAL | The RSI value for AXTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AXTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.78 | OVERBOUGHT | The high Stochastics value suggests AXTA may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for AXTA suggests low volalility. |
| Average Directional Index/ADX (14) | 33.43 | POSITIVE | The high ADX value value for AXTA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.63 | 32.41 | 1.22 (3.63%) | 25.00% |
| An entry @33.63. This is a Buy Stop order right above the resistance zone. | An exit @32.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.22 points, which is 3.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.57
-0.04 (-0.12%)
AXALTA COATING SYSTEMS LTD / AXTA FAQ
What is the technical rating for AXTA stock?
ChartMill assigns a technical rating of 8 / 10 to AXTA.
What is the trend direction for AXTA stock?
The current trend direction for AXALTA COATING SYSTEMS LTD (AXTA) is Bullish.
What is the RSI signal for AXALTA COATING SYSTEMS LTD (AXTA) stock?
AXALTA COATING SYSTEMS LTD (AXTA) has an RSI value of 69.4373. This indicates that the stock is currently neutral.
What is the MACD signal for AXALTA COATING SYSTEMS LTD (AXTA) stock?
The MACD indicator for AXALTA COATING SYSTEMS LTD (AXTA) has a value of -0.0264775, indicating a bearish trend.
Can you provide the buy/sell signal for AXALTA COATING SYSTEMS LTD?
The buy/sell signal for AXALTA COATING SYSTEMS LTD (AXTA) is buy as both the short term and long term trends are positive.