Axa SA (ADR) Stock Forecast

Weaker technical forecast for Axa SA (ADR) as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)

AXAHY Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 $36.38 and $36.65. 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 -6.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

On the downside, the stock finds support just below today's level from accumulated volume at $33.74 and $33.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Axa SA (ADR) finds support just below today's level at $33.74. If this is broken, then the next support from accumulated volume will be at $33.27 and $32.92.

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 $0.680 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 1.43%.

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 Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Axa SA (ADR) to open at $35.84, and during the day (based on 14 day Average True Range), to move between $35.07 and $36.19, which gives a possible trading interval of +/-$0.555 (+/-1.56%) up or down from last closing price. If Axa SA (ADR) takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.17 (4.32%) than the support at $33.74 (5.30%), 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 (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: -1.130 Sell Candidate Downgraded

Predicted Opening Price for Axa SA (ADR) of Tuesday, April 16, 2024

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