Axa SA (ADR) Stock Forecast

Axa SA (ADR) stock downgraded to Sell Candidate
(Updated on May 03, 2024)

AXAHY Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Axa SA (ADR) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $34.56 and $36.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -11.05%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, February 13, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Axa SA (ADR) stock

Axa SA (ADR) finds support from accumulated volume at $32.92 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 $0.403 between high and low, or 1.20%. For the last week, the stock has had daily average volatility of 1.72%.

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

Trading Expectations (AXAHY) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Axa SA (ADR) to open at $33.82, and during the day (based on 14 day Average True Range), to move between $33.10 and $34.57, which gives a possible trading interval of +/-$0.735 (+/-2.17%) up or down from last closing price. If Axa SA (ADR) takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $32.92 (2.71%) than the resistance at $36.06 (6.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Axa SA (ADR) stock A Buy?

The Axa SA (ADR) stock holds several negative signals and despite the positive trend, we believe Axa SA (ADR) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.497 Sell Candidate Downgraded

Predicted Opening Price for Axa SA (ADR) of Monday, May 6, 2024

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