Axway Software SA Stock Forecast

Red day on Thursday for Axway Software SA
(Updated on Apr 18, 2024)

AXW.PA Signals & Forecast

The Axway Software SA 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 25.86€ and 25.78€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 3.60%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Axway Software SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, October 30, 2023 in the long-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 Axway Software SA stock

Axway Software SA finds support from accumulated volume at 25.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.200€ between high and low, or 0.775%. For the last week the stock has had daily average volatility of 1.35%.

Our recommended stop-loss: 24.64€ (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (AXW.PA) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Axway Software SA to open at 25.90€, and during the day (based on 14 day Average True Range), to move between 25.47€ and 26.33€, which gives a possible trading interval of +/-0.428€ (+/-1.65%) up or down from last closing price. If Axway Software SA takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 25.80€ (0.39%) than the resistance at 26.20€ (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Axway Software SA stock A Buy?

Axway Software 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.

Current score: -0.617 Hold/Accumulate Unchanged

Predicted Opening Price for Axway Software SA of Friday, April 19, 2024

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