AXA Equitable Holdings Inc. Stock Forecast
Evaluation of AXA Equitable Holdings Inc. stock downgraded after the last trading session.
(Updated on May 10, 2024)
The AXA Equitable Holdings Inc. stock price gained 0.505% on the last trading day (Friday, 10th May 2024), rising from $39.64 to $39.84. During the last trading day the stock fluctuated 1.42% from a day low at $39.33 to a day high of $39.89. The price has risen in 7 of the last 10 days and is up by 8% over the past 2 weeks. Volume fell on the last day by -272 thousand shares and in total, 2 million shares were bought and sold for approximately $79.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.42% during the next 3 months and, with a 90% probability hold a price between $42.94 and $46.90 at the end of this 3-month period.
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EQH Signals & Forecast
The AXA Equitable Holdings Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.18 and $37.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 11.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for AXA Equitable Holdings Inc. stock
AXA Equitable Holdings Inc. finds support from accumulated volume at $39.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.560 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: $38.00 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (EQH) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect AXA Equitable Holdings Inc. to open at $39.69, and during the day (based on 14 day Average True Range), to move between $39.08 and $40.60, which gives a possible trading interval of +/-$0.764 (+/-1.92%) up or down from last closing price. If AXA Equitable Holdings Inc. takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $39.43, some $0.410 (1.03%) from the current price of $39.84, our system finds the risk reward attractive.
Is AXA Equitable Holdings Inc. stock A Buy?
AXA Equitable Holdings Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for AXA Equitable Holdings Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $39.69 ( 0.385%) | $39.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.25 | 1.02 % | |
| R2 | 40.03 | 0.484 % | ||
| R1 | 39.90 | 0.152 % | ||
| Current price: | 39.84 | |||
| Support | S1 | 39.47 | -0.92 % | |
| S2 | 39.34 | -1.25 % | ||
| S3 | 39.13 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 39.84 | |||
| Support | S1 | 39.43 | -1.03% | |
| S2 | 38.61 | -3.09% | ||
| S3 | 37.59 | -5.65% |
EQH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Feb 23, 2024 | Mar 04, 2024 | $0.220 | 0.658% |
| 2 | Nov 15, 2023 | Nov 24, 2023 | Dec 04, 2023 | $0.220 | 0.682% |
| 3 | Jul 28, 2023 | Aug 04, 2023 | Aug 14, 2023 | $0.220 | 0.783% |
| 4 | May 24, 2023 | Jun 02, 2023 | Aug 14, 2023 | $0.220 | 0.783% |
| 5 | Feb 15, 2023 | Feb 27, 2023 | Mar 06, 2023 | $0.200 | 0.633% |
FAQ
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