AXA SA Stock Forecast

Green day on Friday for AXA SA
(Updated on May 10, 2024)

AXAHF Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 4.36%. Further rise is indicated until a new top pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued. 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 $36.37. On a fall, the stock will find some support from the short-term average at $35.08. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for AXA SA stock

AXA SA finds support from accumulated volume at $35.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0 (0%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AXAHF) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect AXA SA to open at $35.95, and during the day (based on 14 day Average True Range), to move between $35.30 and $36.60, which gives a possible trading interval of +/-$0.651 (+/-1.81%) up or down from last closing price. If AXA SA takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $36.03 (0.22%) than the support at $35.70 (0.70%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.367 Sell Candidate Unchanged

Predicted Opening Price for AXA SA of Monday, May 13, 2024

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