AXA SA Stock Forecast

Weaker technical forecast for AXA SA as stock downgraded to Hold/Accumulate.
(Updated on May 17, 2024)

AXA.DE Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AXA SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AXA SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 33.70€. On a fall, the stock will find some support from the short-term average at 33.55€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.0593%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for AXA SA stock

AXA SA finds support from accumulated volume at 33.49€ 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 0.260€ between high and low, or 0.776%. For the last week, the stock has had daily average volatility of 1.04%.

Our recommended stop-loss: 32.33€ (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AXA.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect AXA SA to open at 33.65€, and during the day (based on 14 day Average True Range), to move between 33.13€ and 34.25€, which gives a possible trading interval of +/-0.560€ (+/-1.66%) up or down from last closing price. If AXA SA takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 33.83€ (0.42%) than the support at 33.49€ (0.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AXA SA stock A Buy?

AXA SA 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 Buy to a Hold/Accumulate candidate.

Current score: -0.388 Hold/Accumulate Downgraded

Predicted Opening Price for AXA SA of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.