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 0 out of 10. AXTA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, AXTA is a bad performer in the overall market: 83% of all stocks are doing better.
- AXTA is one of the lesser performing stocks in the Chemicals industry. 86% of 82 stocks in the same industry do better.
- AXTA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AXTA is lagging the market.
- AXTA has an average volume of 3059580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AXTA has a been trading in the 24.94 - 29.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AXTA Weekly and Daily overview Charts
AXTA Setup Rating and Analysis
The technical rating of AXTA is bad and it also does not present a quality setup 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
AXTA Support and Resistance Analysis
26.55
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.53 to 27.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @33.92 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 | DOWN | NEGATIVE | The short term trend for AXTA is down. |
| ChartMill Relative Strength | 17.38 | NEGATIVE | AXTA has a low relative strength, it was outperformed by 82.62% 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 | 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) | 37.14 | NEUTRAL | The RSI value for AXTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests AXTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.55 | NEUTRAL | The Stochastics value for AXTA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for AXTA suggests some volalility. |
| Average Directional Index/ADX (14) | 43.58 | POSITIVE | The high ADX value value for AXTA suggests a strong trend. |
AXTA Chart- and CandleStick Pattern Analysis
AXTA Technicals: Chart, Performance Metrics, Trend & Indicators
26.82
-0.84 (-3.04%)
AXALTA COATING SYSTEMS LTD / AXTA TA FAQ
What is the technical rating for AXTA stock?
ChartMill assigns a technical rating of 0 / 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 37.1358. 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 negative.
What is the support and resistance level for AXTA stock?
AXALTA COATING SYSTEMS LTD (AXTA) has a resistance level at 27.53. Check the full technical report for our detailed analysis of AXTA support and resistance levels.